Feeds

BMC successfully sells self

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

3 Big data security analytics techniques

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.