Feeds

BMC successfully sells self

Private equity mob shells out $US6.9bn for management software outfit

Top 5 reasons to deploy VMware with Tegile

Enterprise software company BMC has agreed to be acquired by a troika of private equity companies, who will hand over $US46.25 of cash for each outstanding share in the company.

$6.9bn will therefore change hands to make the company the joint property of Bain Capital, Golden Gate Capital, GIC Special Investments and Insight Venture Partners. None of the four has, at the time of writing, issued a statement about the deal, but BMC has. The company's effort features chairman and CEO Bob Beauchamp saying “BMC believes the opportunity to become a private company will provide additional flexibility and position us to invest more strategically to drive powerful innovation and deliver cutting edge customer solutions.”

The statement also features comments from Bain Capital managing director Ian Loring, who says “BMC is the only enterprise software vendor that can go from mainframe to mobile, with solutions that help IT drive real business innovation and optimize operations management and employee productivity.” Prescott Ashe, managing director of Golden Gate, weighs in with the kind of optimism one would expect from a chap about to write cheques bearing preposterous numbers of zeros, saying “BMC is an innovative leader in IT operations management and has strong leadership positions in growing segments such as cloud management, service management and workload automation,” and declaring himself “excited to work with the management team and employees to accelerate BMC's growth and strengthen its position as the best-in-class provider of IT management software for heterogeneous environments.”

Now that we've got that over with, it's worth pointing out the deal's not done and dusted, as for the next thirty days BMC is bound to consider alternative offers from anyone who feels like buying an enterprise software company.

Any such suitor will of course read BMC's annual results, released today, and will doubtless note that fourth quarter sales of $569m were just one percent ahead of the corresponding quarter in its previous financial year, while revenue rose just $30m for the year, to $2.2bn.

BMC's talking up an 80 per cent climb in software-as-a-service (SaaS) customers, which now number over 600. A 39 per cent surge in “cloud-related license bookings”, which brought in $100m – a 35 per cent jump year-over-year, is also offered as a highlight. ®

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.