BMC Software explained

BMC Software, Inc.
Type:Private
Industry:Information technology
Consulting
Enterprise Software
Founder:John Moores[1]
Dan Cloer[2]
Scott Boulette
Location:Houston, Texas, United States[3]
Key People:Ayman Sayed (CEO)
Products:Software
IT service management
Revenue:$2.1 billion (2021)
Owner:KKR
Num Employees:6,000 (2020)

BMC Software, Inc. is an American multinational information technology (IT) services and consulting, and Enterprise Software company based in Houston, Texas.[4]

Gartner has positioned BMC as a Leader for the eighth consecutive year in Gartner's 2021 Magic Quadrant for IT Service Management Tools for its BMC Helix ITSM solution.[5]

History

The company was founded in Houston, Texas, by former Shell employees Scott Boulette, John Moores, and Dan Cloer, whose surname initials were adopted as the company name BMC Software.[6] [7] Moores served as the company's first CEO.[8] The firm primarily wrote software for IBM mainframe computers, the industry standard at the time,[9] but since the mid-1990s has been developing software to monitor, manage and automate both distributed and mainframe systems.

In 1987, Moores was succeeded by Richard A. Hosley II as CEO and President. In July 1988, BMC was re-incorporated in Delaware and went public with an initial public offering for BMC stock.[10] [11] The first day of trading was August 12, 1988.[12] BMC stock was originally traded on the Nasdaq under the symbol BMCS and on the New York Stock Exchange with symbol BMC.

Acquisition and privatization by private equity firms

In May 2013, BMC announced that it was being acquired by a group of major private equity investment groups for $6.9 billion.[13] The process was completed in September 2013 and the company is no longer publicly traded.[14]

It was announced on October 2, 2018 that BMC was acquired by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management.[15]

Products and services

BMC Software specializes in software designed to enable an autonomous digital enterprise,[16] [17] developing products used for multiple functions including automation, service management, DevOps, workflow orchestration, AIOps, and security.

The company supports enterprises using mainframes with its Automated Mainframe Intelligence (AMI) product line, which enables self-managing mainframe systems.[18] Self-managing mainframes use machine learning to improve efficiency by anticipating needs, sending alarms, and taking actions without the need for manual actions.[19]

BMC's Control-M software is an application workflow orchestration platform that allows businesses to run hundreds of thousands of batch jobs daily and use the data to optimize complex business operations, such as supply chain management.[20] Users can access all enterprise batch jobs through a single graphical interface.[21] Control-M integrates with distributed storage systems such as HDFS, YARN, MapReduce and Apache Spark.[20] In 2019, the firm made the program available in a Docker container, allowing easy deployment to the public cloud or on-premises.[22] The software has been named the overall leader in workload automation by Enterprise Management Associates in each report since 2010.[20] In 2020, the firm announced the launch of SaaS-based BMC Helix Control-M application workflow orchestration.[23]

The TrueSight suite utilizes AI and machine learning to provide insights and network automation capabilities,[24] and includes TrueSight Operations Management, TrueSight Automation for Networks, TrueSight Automation for Servers, and TrueSight Orchestration.

Directors and staff

The company was founded by John J. Moores in 1980; Moores was a "former Shell Oil computer specialist ... whose software made Shell's computers more efficient."[25] Richard A. Hosley II was president and chief executive officer of BMC Software, Inc. from October 1987 until April 1990. Shortly after becoming president, Hosley took the company public in 1988. Hosley was succeeded by Max Watson Jr. in April 1990.[26] Max Watson Jr. was chairman and chief executive officer of BMC Software from April 1990 to January 2001.[27]

In 2001, BMC appointed the company director, Garland Cupp, as chairman, succeeding Max Watson, who quit the post in January 2001.[28] Watson was succeeded as chairman and CEO by BMC's former senior vice president of product management and development, Robert Beauchamp.[29]

In December 2016, Peter Leav succeeded Bob Beauchamp as president and chief executive officer.[30] [31] In October 2019, Ayman Sayed was named as President and CEO of BMC Software.[32]

Acquisitions

CompanyYearPrice
Patrol Software1994$36 million
HawkNet [33] 1996Undisclosed
PEER Networks 1996Undisclosed
Datatools1997$60 million
Boole & Babbage[34] 1998$877m - $1 billion
BGS Systems[35] 1998$285 million
New Dimension Software[36] 1999$673 million
Optisystems[37] 2000$70 million
Evity Inc.[38] 2000$100 million
Perform SA[39] 2001$23 million
Remedy (product)[40] 2002Undisclosed
IT Masters[41] 2003$42 million
Magic Solutions[42] 2003$47 million
Marimba[43] 2004$187 million
Identify Software[44] 2006$151 million
Service Management Partners2007Unknown
ProactiveNet[45] 2007Unknown
RealOps[46] 2007Unknown
Emprisa Networks[47] 2007$22 million
BladeLogic[48] 2008$854 million
ITM Software[49] 2008Undisclosed
MQSoftware[50] 2009Undisclosed
Tideway Systems[51] 2009Undisclosed
Phurnace Software2010Undisclosed
Neptuny/Caplan [52] 2010Undisclosed
GridApp Systems[53] 2010Undisclosed
Coradiant[54] 2011Undisclosed
Aeroprise [55] 2011Undisclosed
StreamStep[56] 2011Undisclosed
Numara Software[57] 2012Undisclosed
CDB Software, inc. [58] 2015Undisclosed
Correlog [59] 2018Undisclosed
RSM Partners [60] 2020Undisclosed
Compuware[61] 2020$2 billion[62] [63]
Alderstone[64] 2020Undisclosed
ComAround[65] 2020Undisclosed
StreamWeaver[66] 2021Undisclosed
Netreo[67] 2024undisclosed

See also

Notes and References

  1. Web site: John Jay Moores, Emeritus. University of San Diego.
  2. Web site: History of BMC Software. August 24, 2007. History of Branding.
  3. Web site: BMC Software. Forbes.
  4. News: Rogers. Bruce. August 13, 2015. BMC's Past Near-Death Moment Prepared It For Today's Growth. Forbes.
  5. Web site: Jack. 2021-09-10. 2021 Gartner Magic Quadrant for IT Service Administration Instruments. 2022-01-31. TUCKER DAILY NEWS. en-US.
  6. News: Bauder. John. January 28, 2015. Luddy learned from Moores. San Diego Reader.
  7. News: October 2015. Jason Andrew. The CEO Magazine. dead. 2016-06-28. https://web.archive.org/web/20161220065245/http://www.theceomagazine.com/business/jason-andrew/. 2016-12-20.
  8. News: John J. Moores. Bloomberg.
  9. News: Staff writer . June 6, 1985 . BMC-I.B.M. Suit . . August 9, 2009.
  10. News: August 11, 2009. BMC: Stock Quote & Summary Data. Nasdaq. August 11, 2009.
  11. Web site: BMC SOFTWARE INC (Form: 10-K, Received: 05/21/2008 17:30:22). September 7, 2009. January 4, 2022. https://web.archive.org/web/20220104221012/https://secfilings.nasdaq.com/edgar_conv_html/2008/05/21/0001362310-08-002952.html#FIS_BUSINESS. dead.
  12. Web site: BMC Software - Stock Quote. September 7, 2009. Hoover's.
  13. Goldman, David. (2013-05-06) BMC Software sold for $6.9 billion - May. 6, 2013. Money.cnn.com. Retrieved on 2013-07-26.
  14. News: Press Release. September 10, 2013. BMC Software Completes Privatization Transaction. BMC Software. dead. 2014-10-01. https://web.archive.org/web/20141006131741/http://www.bmc.com/news/press-releases/2013/-BMC-SOFTWARE-COMPLETES-Privitatization-Transaction.html. October 6, 2014. mdy-all.
  15. News: KKR Buys BMC Software. KKR New Media Oct 2, 2018.
  16. Web site: BMC Software, Inc. – Reinventing software solutions and services to help Autonomous Digital Enterprise. 2020-12-10. The Silicon Review. en.
  17. Web site: Columbus. Louis. 10 Ways AI Can Improve Digital Transformation's Success Rate. 2020-12-10. Forbes. en.
  18. Web site: 2019-07-31. BMC Reinvents Application Development with Automated Intelligence. 2020-03-27. AiThority. en-US.
  19. Web site: Creating a Self-Managing Mainframe. 2020-03-27. ibmsystemsmag.com. en. March 6, 2023. https://web.archive.org/web/20230306002025/https://ibmsystemsmag.com/IBM-Z/09/2018/self-managing-mainframe. dead.
  20. Web site: BMC Control-M Named Overall Leader in EMA Workload Automation Radar Report. 2020-03-27. enterprisesystemsmedia.com. en.
  21. Web site: BMC Control-M Improve workflows, reduce operating costs, and deploy new services faster with automation. 2020-03-27. RightStar. en-US.
  22. Web site: 2019-11-01. BMC Preps Control-M Workflow Engine for Container Age. 2020-03-27. Container Journal. en-US.
  23. News: 2020-12-02. Adding some SaaS to traditional business, BMC Helix Control-M unifies on-premises and Cloud. 2020-12-10. SiliconANGLE. en-US.
  24. Web site: 2016-09-22. BMC TrueSight Operations Management. 2020-03-27. KTSL. en-GB.
  25. News: Myerson. Allen R.. November 30, 1997. A New Breed of Wildcatter for the 90's. The New York Times. August 9, 2009.
  26. Book: Confessions of a Stock Broker. 1972. Littlebrown. 978-0-7181-1041-3. 7837855M.
  27. News: August 10, 2009. Max P. Watson. Forbes. dead. August 10, 2009. https://web.archive.org/web/20110723234122/http://people.forbes.com/profile/max-p-watson/38427. 2011-07-23.
  28. News: Connell. James. May 2, 2001. Tech Brief:NEW BMC DIRECTOR. The New York Times. dead. August 9, 2009. https://web.archive.org/web/20130518043516/http://www.nytimes.com/2001/05/02/business/worldbusiness/02iht-a15.html. May 18, 2013.
  29. Web site: BMC Software, Inc. -- Company History. September 7, 2009. Funding Universe.
  30. News: Lopez. Maribel. December 12, 2016. BMC Adds Peter Leav As CEO, Prepares For New Growth Chapter. Forbes.
  31. News: Preimesberger. Chris. December 12, 2016. BMC Makes Change at Top, Selects Former Polycom CEO. eWeek.
  32. Web site: Gagliordi. Natalie. BMC Software taps CA Technologies exec for permanent CEO position. 2020-03-27. ZDNet. en.
  33. Web site: BMC SOFTWARE INC - 10-K - 19960701 - FORM. yahoo.brand.edgar-online.com.
  34. News: BMC Software Agrees to Acquire Boole & Babbage for $900 Million. Wall Street Journal. 2 November 1998.
  35. News: BMC Agrees to Acquire BGS in a $285 Million Stock Swap. Wall Street Journal. 2 February 1998.
  36. Web site: New Dimension Software Approves BMC Acquisition -.
  37. Web site: 8 August 2000 . BMC Software acquires OptiSystems Solutions . Houston Business Journal.
  38. Web site: 2 May 2000 . BMC buys Evity for $100M . Austin Business Journal.
  39. Web site: BMC completes the picture -. https://web.archive.org/web/20240331165027/https://www.nextgov.com/media/gbc/docs/pdfs_edit/020817jm1.pdf. dead. March 31, 2024. January 25, 2024.
  40. Web site: BMC Completes Remedy Acquisition. 21 November 2002.
  41. News: BMC Software Acquires IT Masters for $42 Million. Wall Street Journal. 25 March 2003.
  42. Web site: BMC acquires Magic Solutions | IT World Canada News. 15 December 2003.
  43. News: BMC to Acquire Marimba. Wall Street Journal. 29 April 2004. Newswires. Dow Jones.
  44. Web site: BMC closes deal for Israeli software firm .
  45. Web site: BMC Acquires ProactiveNet: Next Generation Event Management and Value-Add for the BMC product Line . Enterprise Management Associates (EMA) . 29 May 2007 . 25 January 2024.
  46. Web site: BMC Buys RealOps | Network Computing.
  47. News: BMC Software acquires Emprisa Networks. Reuters. 8 October 2007.
  48. News: Software Firm BMC to Acquire BladeLogic for About $800 Million. Wall Street Journal. 17 March 2008. Flowers. John.
  49. Web site: BMC Software Acquires ITM Software. Eric. Savitz. www.wsj.com.
  50. Web site: BMC Software Acquires MQSoftware, Strengthens Middleware and Transaction Management Portfolio . Enterprise Management Associates (EMA) . 25 January 2024. -
  51. Web site: BMC buys Tideway for component tracking tools. 19 October 2009.
  52. Web site: BMC Buys Neptuny Software to Bolster Cloud Portfolio. 2020-03-27. eWEEK. 6 October 2010.
  53. Web site: BMC Acquires Database Automation Solutions Provider GridApp Systems. December 3, 2010 .
  54. Web site: BMC Buys Web Application Performance Management Software Maker Coradiant. April 28, 2011 .
  55. Web site: BMC Software Acquires Aeroprise To Enhance Its Mobile Know-How. 2011-07-07. Techcrunch. July 7, 2011 .
  56. News: BMC Software Acquires StreamStep. Apmdigest - Application Performance Management. 5 October 2011.
  57. News: BMC Acquires Numara Software In A Mid-Market Makeover: What It Means For Customers. 2020-06-29. Forrester. 30 January 2012.
  58. CDB Software, inc. has been acquired by BMC Software. Gulf Star Group.
  59. BMC to Acquire CorreLog, Inc., a Leader in Multi-Platform IT Security Event Log Management. 2020-06-29. CISION PR Newswire.
  60. BMC Completes Acquisition of RSM Partners, a Leader in Mainframe Service and Solutions. 2020-06-29. CISION PR Newswire.
  61. Web site: Houston software co. closes one of its largest acquisitions ever. 2020-06-29. Houston Business Journal.
  62. Web site: Reindl. J. C.. Detroit-based Compuware finalizes latest buyout, gets new name. 2021-06-22. Detroit Free Press. en-US.
  63. News: Clabby. Joe. 2020-03-05. Why BMC+Compuware Is a Textbook Acquisition Case. 2021-06-22. eWEEK. en-US.
  64. Web site: BMC Software to acquire Alderstone IT consultancy .
  65. Web site: BMC Acquires ComAround. 14 October 2020.
  66. Web site: Greig. Jonathan. BMC acquires software company StreamWeaver. 2022-01-31. ZDNet. en.
  67. Web site: BMC to acquire Netreo. 16 April 2024. en.

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