Exhibit 14.1



NetManage, Inc.



Code of Business Conduct



INTRODUCTION

HOW TO REPORT YOUR CONCERNS

OUR COMMITMENT TO STOCKHOLDERS

OUR COMMITMENT TO CUSTOMERS AND BUSINESS
PARTNERS

OUR COMMITMENT TO EACH OTHER

COMPETITION

CONFLICT OF INTERESTS

LEGAL COMPLIANCE GENERALLY

OUR COMMUNITIES

WAIVERS REQUESTED BY OUR OFFICERS AND DIRECTORS



Introduction



This Code of Business Conduct applies to NetManage, Inc. and its consolidated subsidiaries, together referred to below as our
company.



We expect each employee to use sound judgment to help us
maintain appropriate compliance procedures and to carry out our business in compliance with laws and high ethical standards. Each employee of our company is expected to read this code and demonstrate personal commitment to the standards set forth in
this code of conduct.



Our officers and other supervising employees are
expected to be leaders in demonstrating this personal commitment to the standards outlined in this code and recognizing indications of illegal or improper conduct.



All employees are expected to report appropriately any indications of illegal or improper conduct.



An employee who does not comply with the standards set forth in this code may be subject to
discipline in light of the nature of the violation, including termination of employment.



The Code of Business Conduct is not a contract and is not intended as a detailed guide for all situations you may face.



How to Report Your Concerns



|Ø | Where to Direct Questions. If you have questions about this code or concerns about any of the matters listed here, please first consider speaking with your immediate manager
or supervisor. If you do not wish to communicate with that person on the matter, please feel free to contact any member of our management, or personnel in the legal or human resources departments.
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|Ø | Good Faith Concerns Are Protected. We encourage each of our employees to report any concerns that others in our company or our agents may have engaged in illegal or unethical
conduct relating to our business. We do not discriminate against employees who honestly report their concerns to us. In addition, under federal law, our company may not discharge or
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| | otherwise discriminate against an employee for any lawful act by the employee to provide information or assist in an investigation by us or by the government of violations of
federal securities laws.
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|Ø | False Claims Are Prohibited. However, it is a violation of our standards for any employee to communicate a report claiming illegal or unethical conduct which the employee
knows to be false.
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|Ø | Where to Report Your Concerns. If you wish to report or discuss any problem concerning our company or the matters outlined below, please promptly inform your supervising
manager, or report the matter to our legal department (via telephone 408.342.7114 or email legal@netmanage.com). If you wish to communicate any matter anonymously, you are free to do so, and we will maintain the confidentiality of your communication
to the extent possible under applicable laws. Communications intended to be confidential should be mailed in writing without indicating your name or address to NetManage, Inc 10725 N. De Anza Boulevard, Cupertino, CA 94015, Attention: General
Counsel.
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|Ø | Audit Committee Available to Hear About Accounting Matters. In addition to the above, if you have concerns about accounting, internal accounting controls, or auditing matters
relating to our company, you are also free to contact the audit committee of our board of directors directly. Inquiries or communications intended to be anonymous should be mailed in writing without indicating your name or address to NetManage, Inc.
Audit Committee, PMB #187, 1669-2 Hollenbeck Ave., Sunnyvale, CA 94087. If you wish to speak in person to an audit committee member, please see the contact information posted on our web site www.netmanage.com.
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Our Commitment to Stockholders



We expect our employees to share a commitment to protect our assets and
manage our business in the best interests of our stockholders.



|Ø | Accuracy of our records and reporting: All financial and other business information pertaining to our company must be accurately recorded, all financial records and
transactions must adhere to our system of internal controls and accounting requirements, and no one shall enter any false or artificial information in our records or reporting systems. All company information must be reported honestly and
accurately, whether in internal personnel, safety, or other records or in information we release to the public or file with government agencies.
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|Ø | Disclosure Controls and Procedures. We are required by SEC rules to maintain effective disclosure controls and procedures so that financial and non-financial
information we are required to report in our SEC filings is timely and accurately reported both to our senior management and in the filings we make. All employees are expected, within the scope of their employment duties, to support the
effectiveness of our disclosure controls and procedures.
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|Ø | Stock Trading and Confidential Information Policy. The companys stock trading policy prohibits any employee who is aware of material nonpublic information
concerning the company, or concerning third parties with whom the company does business, from buying or selling securities of our company or of those third parties (until after the material information has been fully disclosed to the public).
Employees must not disclose or tip any of this material nonpublic information to family, friends or others outside the company. (However,
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| | the trading restriction on our company securities would not apply to sales or purchases in accordance with a trading plan validly adopted in compliance with applicable
SEC rules.)
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| ̈ | No Selective Disclosure. In addition, SEC rules also prohibit selective disclosure of material nonpublic information to those outside the company in most circumstances.
Therefore, all employees are expected to assist the company in keeping all material nonpublic information about the company strictly confidential unless and until the company makes an authorized press release or other authorized public communication
or filing.
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| ̈ | Information to the Public. Our policy is to provide timely public dissemination of material information about our business only through our employees authorized for this
purpose. Employees are not under any circumstance to discuss the companys financial, business or other information with the press (except for those employees expressly authorized for this purpose) or on any internet or other discussion
board, chat room, or similar forum. Requests from the media, analysts or stockholders about our company must be forwarded to our Investor Relations for review by our professional staff having responsibility for these matters.
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|Ø | Protection of Company Assets. Each employee is personally responsible to use our companys assets only for our lawful, corporate purposes approved by management. All
employees should help our company protect its assets from misuse, theft, damage or other loss. Improper or unauthorized personal use of company assets is prohibited.
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|Ø | Intellectual Property. Employees should help our company maintain the value of its intellectual property by using care to keep our trade secrets and other nonpublic
information confidential, and limit access to nonpublic information to those authorized to use it in their duties for the company. If customers or suppliers provide nonpublic information to us in their dealings with us, our employees are expected to
protect that information in the same manner as our companys property.
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|Ø | Communications. Employees are expected to use appropriate judgment and discretion in their email, memos, notes, and other formal and informal communications relating to our
business. Communications relating to our business must avoid inappropriate or derogatory comments about other individuals or companies, unprofessional language, and unauthorized financial, legal or business statements.
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|Ø | Retention of Records. Employees are expected to follow the records retention and destruction policies that we implement and communicate from time to time. It is our
companys policy not to destroy or alter our records or documents (whether in paper form, emails, or otherwise) in response to or in anticipation of any legal proceeding or government inquiry or investigation. Federal criminal liability may be
imposed on any person who:
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| |  ̈ | corruptly alters, destroys, mutilates or conceals a record, document or other object with the intent to impair its availability for use in an official proceeding, or
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| |  ̈ | knowingly alters, covers up, falsifies or makes a false entry in any record, document or tangible object with the intent to impede or obstruct the investigation or administration of
any matter by a federal government agency or bankruptcy court.
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Our Commitment to Customers and Business Partners



We are committed to excellence in service and performance for our customers, and building mutually advantageous alliances
with our business partners.



|Ø | Customer Relationships. Our policy is to build lasting relationships with our customers through superior delivery and execution, and honest sales and marketing. We will
comply with applicable advertising laws and standards, including a commitment that our advertising and marketing will be truthful, non-deceptive, and fair, and will be backed up with evidence before advertising claims are made. Our policy also
prohibits making false or deceptive statements about our competitors, and giving or accepting kickbacks, bribes, inappropriate gifts and other matters prohibited under the conflict of interest topic in this code.
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|Ø | Protecting Information about Others. We are committed to treating confidential information of our customers and business partners with at least the care we use to protect our
own proprietary or confidential information. All employees are expected to use sound judgment in limiting access to confidential information about our customers and business partners to those individuals in our company who need to know this
information to carry out their jobs.
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|Ø | Commitment to Quality. Our long term reputation and business viability depend upon our continued maintenance of high quality in the products and services we provide. We are
committed to deliver our products only in accordance with the documentation, safety, quality control, and other procedures we maintain from time to time.
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|Ø | Special Concerns with Government Customers. Special legal and contracting rules usually apply to our dealings with domestic and foreign government agencies. Many national,
state or other local government agencies impose bidding or procurement requirements, special billing and accounting rules, and restrictions on subcontractors or agents we may engage. Domestic or foreign laws or regulations may also impose strict
limits on any kind of benefits or gifts offered to officials, including limitations on hiring former government officials or their family members. Our employees who deal with domestic or foreign government agencies are expected to know the laws
applicable to these business activities, and to use sound judgment to avoid any violations of the letter or spirit of the laws prohibiting corrupt practices in connection with government contracting.
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|Ø | Suppliers. Our contracts with suppliers of products and services to us are to be based exclusively on the best interests of our company and its business, reflect a fair price
for the deliverables provided to us, and documented in accordance with appropriate approval, contracting and internal control procedures.
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|Ø | Business with Third Parties. We expect that our consultants, agents, channel partners, distributors, subcontractors, and other business partners will adhere to lawful and
ethical business practices. It is important to our companys reputation that we avoid doing business with companies which violate applicable laws or have reputations which could harm our business. Our policy prohibits engaging agents or other
third parties to do indirectly what we as a company should not do under our own policies outlined in this code.
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Our Commitment to Each Other



We expect each employee to promote a positive working environment for all.



|Ø | Respect for Our Employees. Our companys employment decisions will be based on reasons related to our business, such as job performance, individual skills and talents,
and other business-related factors. Our company policy requires adherence to all national, state or other local employment laws. Our company policy prohibits discrimination in any aspect of employment based on race, color, religion, sex, sexual
preference, marital status, national origin, disability or age, within the meaning of applicable laws.
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|Ø | Abusive or Harassing Conduct Prohibited. Our company policy prohibits abusive or harassing conduct by our employees toward others, such as unwelcome sexual advances, comments
based on ethnic, religious or racial aspects, or other non-business, personal comments or conduct which make others uncomfortable in their employment with us. We encourage employees to report harassment or other inappropriate conduct as soon as it
occurs.
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|Ø | Health and Safety. We expect all employees to help us to maintain a healthy and safe working environment and to report promptly any unsafe or hazardous conditions or
materials, injuries, and accidents connected with our business. Employees must not work under the influence of any substances that would impair the safety of others. All threats or acts of physical violence or intimidation are prohibited.
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Competition



We are committed to compete effectively, but lawfully, in our business
markets.



|Ø | Compliance with Antitrust Laws. Our company and its employees must comply with the antitrust and unfair competition laws of the countries in which our company engages in
business. These laws vary by country and can be complex. Employees having roles which may implicate antitrust laws are responsible for knowing the laws that apply to their business activities, and should speak to the Legal Department if any
questions arise. Generally, these laws prohibit or regulate: attempts to monopolize or otherwise restrain trade, selling products below cost, price fixing or other agreements with competitors that would divide or allocate customers or otherwise harm
customers, tying arrangements that require a customer who wishes to buy a given product to buy other products or services, artificially maintaining prices, and certain other overly restrictive agreements. Our employees must not exchange
nonpublic sales information with competitors.
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|Ø | Fair Methods of Competition. Our company is committed to competition on a lawful and ethical basis. Our employees must not use improper or illegal means of gaining
competitive information that is confidential or proprietary information owned by others. Our employees must not use or disclose confidential or proprietary information which they may have from past employment with other employers.
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Conflicts of Interest



We expect all of our employees to avoid allowing their private interests to
interfere, or appear to interfere, with the interests of our company as a whole.



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|Ø | Generally. Employees are expected to make or participate in business decisions and actions in the course of their employment with us based on the best interests of our
company as a whole, and not based on personal relationships or benefits. Although some general guidelines are provided in this code, our employees are expected to apply sound judgment to avoid conflicts of interest that could negatively affect our
company or its business, whether or not we have specific rules for that particular situation. Employees are expected to disclose to us any situations that may involve inappropriate or improper conflicts of interests affecting them personally or
affecting other employees or those with whom we do business, as described under How to Report Your Concerns.
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|Ø | Business Referrals. No employee of our company may personally attempt to give or steer our companys business transactions to companies in which a family relative or
personal friend has a financial or other interest.
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|Ø | Personal Investments. Generally, our employees must avoid investments in other companies with which our company does business if these investments could create the fact or
appearance of a conflict of interest. Investing in relatively small positions of publicly traded securities of other companies is generally not prohibited so long as there is no violation of our company policy relating to trading while in possession
of material nonpublic information about other companies.
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|Ø | Corporate Opportunities. Employees must also refrain from purchasing property or otherwise taking for themselves personally a business opportunity that they learn about
through their employment with us or use of our companys information.
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|Ø | Prohibited Competition. Employees may not compete with us during the term of their employment, and may not initiate any steps to compete with us while still employed by our
company.
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|Ø | Outside Compensation and Activities. While employed by us, our employees must not work for or seek or accept personal payments from any customer, supplier, competitor,
distributor, reseller, or other business partner of our company, except as approved in writing by an authorized officer or manager of our company. Trade secrets and other nonpublic know-how and information learned at our company must not be used in
activities outside our company or in other ways that could harm our business.
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|Ø | Outside Board Service. Employees are required to obtain prior written authorization from our company for service as a director, general partner, manager, officer or similar
position with any privately-held or public business entity or as an appointee to any kind of governmental or quasi-governmental agency or body. Service solely as a director or trustee of nonprofit corporations engaged in charitable activities does
not require approval unless that activity could involve improper conflicts of interest.
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|Ø | Gifts and Gratuities. Our employees must not seek or accept gifts or gratuities in the form of services or other items of value from our customers, other business partners or
other parties with whom our company contracts. Our employees must not offer or give anything of value that could be or appear to be a bribe or otherwise illegal payment. These prohibitions do not apply to items of truly nominal value such as
generally free promotional items, assuming these items are not otherwise prohibited by applicable law or custom. Employees should never accept anything that would appear to create a conflict of interest. In the unusual situation where refusal to
accept a true gift might hurt our business, be sure to consult the
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| | appropriate officer or manager of our company concerning the proper means of resolving the situation.
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|Ø | Business Entertainment. Extending or accepting invitations to reasonable meal, public event and similar business activities incurred for bona fide business purposes are
generally acceptable, assuming the costs are not disproportionate to the business purpose and otherwise do not create the fact or appearance of a conflict of interest. Our employees are expected to avoid sponsoring or accepting invitations to highly
expensive events funded with corporate funds or personal celebrations such as birthday parties with costs paid with corporate funds at which the business purpose may appear incidental. Attending entertainment events which may appear contrary to
professional standards of conduct should be avoided. Government officials should not be invited to entertainment events without first assuring that appropriate management of our company approves the invitation and confirms that it is not prohibited
by law.
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|Ø | Travel. Employees are expected to comply with our companys travel policies in effect from time to time. We expect that all travel-related expenses must be used,
accurately reported and recorded in compliance with these policies. If these expenses are to be paid by a customer or other business partner of ours, or if you wish to pay the expenses of your customer or other business contact, or any
representative of a government agency, travelling to our location, your manager or a company officer must approve these in advance.
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Legal Compliance Generally



We expect our employees to be committed to pro-active compliance with all applicable laws and regulations affecting our company and its business. In
addition to the laws referred to elsewhere in this code:



|Ø | General Standard of Compliance. Our employees must comply with all applicable laws and regulations in every location in which we conduct our business. Competitive factors,
personal goals, and pressure from supervisors, customers or others shall never be an acceptable excuse for violating applicable laws.
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|Ø | Prohibited Corrupt Practices. Our company must comply with the United States Foreign Corrupt Practices Act and other anti-corruption laws that apply wherever we do business.
Our employees and agents must not directly or indirectly offer or make a corrupt payment to any domestic or foreign government officials or employees of enterprises owned or controlled by a government agency. Our employees must not engage in any
form of fraud, including but not limited to embezzlement, theft, hiding or misuse of company assets, or falsification of records.
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|Ø | Prohibited Political Contributions. Unless first approved by an executive officer of our Company, none of our employees shall contribute in our companys name or on our
companys behalf, any cash, services or property of any kind for or in support of any political candidate, committee, initiative, or activity. No lobbying efforts or contracts shall be undertaken in our companys name or on our
companys behalf without the prior approval of the Legal Department.
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|Ø | Prohibited Loans to Executive Officers and Directors. It is unlawful for our company, directly or indirectly, to extend or maintain credit, to arrange for the extension of
credit, or to renew an extension of credit, in the form of a personal loan to or for any director or executive officer of our company. However, an extension of credit maintained by us on July 30, 2002, is not prohibited provided that there is no
material modification, or any renewal, of the extension of credit after that date.
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|Ø | Import and Export Restrictions. Our company and its employees must comply with applicable restrictions under domestic and foreign laws relating to importing or exporting
technology, products, services, or regulated information. Employees who travel on company business to foreign countries are expected to know and abide by applicable import/export and similar restrictions.
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|Ø | Environmental Laws. We respect the policies and requirements of domestic and foreign laws aimed at protecting the environment. We expect a commitment from our employees to
report appropriately any violations of environmental laws and any exposure to hazardous materials or substances which are not being handled or disposed of properly.
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|Ø | Intellectual Property Laws. We expect our employees to conduct our business and use our business systems and facilities in ways which avoid any violations of copyright,
trademark, service mark, patent, trade secret or other intellectual property rights held by third parties.
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|Ø | Software Development. Our software products must be free and clear of any improper copying or unauthorized use of software code or confidential information owned by third
parties. It is against company policy intentionally to adopt the look and feel of software or other products of third parties. Our employees engaged in the development, implementation and maintenance of our software must avoid any
actions that would impair our rightful ownership of our software or our reputation for providing reliable, proprietary software products.
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Our Communities



We respect our employees involvement in the community, charity and political activities and causes they may choose, so long as these activities do
not interfere with job responsibilities to us. No employee may represent that the employees views or activities represent our company. Our employees must not engage in any unwanted solicitations or pressure toward other employees relating to
charitable, religious or political causes.



Waivers Requested by Our
Officers and Directors



This code applies to our officers
as well as to our employees generally. Our directors are also expected to abide by the principles of this code, within the scope of their duties as directors, as if they were employees of our company. Any waiver of this code of conduct for any
individual officer or director of our company must be approved, if at all, in advance by a majority of the independent directors serving on our board of directors. Any such waivers granted will be publicly disclosed by appropriate means.



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