Feeds

BMC spends $800m on server admin firm BladeLogic

BLOG writes itself out of history

Maximizing your infrastructure through virtualization

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.®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.