Feeds

BMC spends $800m on server admin firm BladeLogic

BLOG writes itself out of history

Secure remote control for conventional and virtual desktops

BMC Software intends to scoop up BladeLogic for $28 per share, or about $800m net of cash acquired.

BMC said in a statement today it plans to fold Massachusetts-based BladeLogic software into its existing product portfolio.

Data centre player BladeLogic, which hit the stock market last year in a $45.4m initial public offering, creates tools for automating server administration such as configuration and speccing storage devices.

Business service management firm BMC software, which is based in Houston, Texas, said the deal would bring it a “significant, high growth revenue stream”.

In its most recent quarter, BladeLogic turned in revenues of $21.4m, with a net loss of $395,000. The company is projecting revenues of $100m this year.

The acquisition is expected to close, subject to the usual regulatory requirements, in the first quarter of 2009.

The deal will see BladeLogic's misleadingly Web 2.0-ish ticker symbol - BLOG - pulled from the stock market.®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
Turnbull should spare us all airline-magazine-grade cloud hype
Box-hugger is not a dirty word, Minister. Box-huggers make the cloud WORK
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.