Feeds

Marimba makes its way to BMC for $239m

Acquiring a future

  • alert
  • submit to reddit

High performance access to file storage

In much need of a bigger home, software-maker Marimba has made its way into the hands of BMC Software in an acquisition valued at $239m.

BMC will pay $8.25 per share in cash for Marimba and expects the net purchase price of the deal to drop to $187m after including Marimba' cash balance of $53m. Marimba started off in the infamous "push technology" market but wisely transitioned into the client and server management space just ahead of the dot-com collapse. The company's products will combine with BMC's own Remedy management product line.

"Through BMC Software's strengths in enterprise management, Remedy's powerful capabilities in service desk, change management, and asset management, and Marimba's leadership across both client and server management, this acquisition positions BMC Software to offer a unique set of enterprise solutions that simplify IT operations and extend our leadership position in Business Service Management," said Bob Beauchamp, CEO at BMC.

Got that?

Marimba was in need of a sugar-daddy after its two main rivals were acquired by larger companies. Symantec last October shelled out $100m for ON Technology, and HP earlier this year plunked down cash for Novadigm.

Marimba today reported $8.3m in first quarter revenue, which is a drop from the $10.1m reported in the same quarter a year ago. The company suffered a net loss of $1.2m in this year's Q1.

Despite the lackluster results, Marimba will bring an impressive customer list over to BMC. Clients include NASA, Hutchinson 3G, MetLife, Starbucks and Barclays.

BMC today reported fourth quarter revenue of $400m, which compares to $381m last year. Net earnings came in at $41m.

Both BMC and Marimba are dabbling in the software virtualization market. These products are meant to automate typically time-consuming hardware and software management tasks such as provisioning applications and configuring servers.

The acquisition is expected to close in second quarter. ®

Related stories

BMC cuts 900 jobs
EMC and BMC SRM Dance
EMC puts a hit out on BMC's Patrol
BMC grabs IT Masters

Marimba's past

Tech recession to bottom-out in a year Marimba CEO
Nasa backs project to develop crash-proof computers
Marimba Q2 sees 87 per cent growth
Marimba: IPO is go

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.