BMC Software

BMC Software, Inc. is an American enterprise software company. BMC offers SaaS-based and on-premises software and services in areas including cloud computing, IT service management, automation, IT operations, and mainframe. BMC stock was originally traded on NASDAQ under the symbol BMCS and on the New York Stock Exchange with symbol BMC, but the company is now privately held. BMC is a multinational firm operating in North America, South America, Australia, Europe, and Asia and has multiple offices located around the world.[3] The company's international headquarters is located in Houston, Texas, United States.[4][5]

BMC Software, Inc.
Private
IndustryComputer software
FoundedSeptember 1980 (1980-09)
FounderJohn J. Moores
Dan Cloer
Scott Boulette
HeadquartersHouston, Texas, U.S.
Key people
  • Ayman Sayed
    (CEO)
Products
Revenue$2 billion (2019)[1]
OwnerKohlberg Kravis Roberts
Number of employees
6,000 (2019)[2]
Websitewww.bmc.com

History

The company was founded in Houston, Texas, by former Shell Oil employees Scott Boulette, John J. 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.[4]

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.[9][10] The first day of trading was August 12, 1988.[11][12]

Acquisition and privatization by private equity firms

In May 2013, BMC announced that it was in the process of 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]

Notable acquisitions
Company Year Price
Patrol Software 1994 $36 million
Datetools 1997 $60 million
Boole & Babbage 1998 $877m - $1 billion
BGS Systems 1998 $285 million
New Dimension Software 1999 $673 million
Optisystems 2000 $70 million
Remedy (product) 2002 Undisclosed
IT Masters 2003 $42 million
Marimba 2004 $187 million
Identify Software 2006 $151 million
Service Management Partners 2007 Unknown
ProactiveNet 2007 Unknown
RealOps 2007 Unknown
Emprisa Networks 2007 $22 million
BladeLogic 2008 $854 million
ITM Software 2008 Undisclosed
MQSoftware 2009 Undisclosed
Tideway Systems 2009 Undisclosed
Phurnace Software 2010 Undisclosed
Neptuny/Caplan [16] 2010 Undisclosed
GridApp Systems 2010 Undisclosed
Coradiant 2011 Undisclosed
StreamStep 2011 Undisclosed
Numara Software [17] 2012 Undisclosed
Correlog [18] 2018 Undisclosed
RSM Partners [19] 2020 Undisclosed
Compuware [20] 2020 Undisclosed

Products and services

BMC Software began as a mainframe-only software vendor, but since the middle 1990s has been developing software to monitor, manage and automate both distributed and mainframe systems. The company specializes in enterprise software and develops products used for multiple functions, including IT service management, data center automation, performance management, virtualization lifecycle management and cloud computing management.[21] The company continues to provide support for enterprises using modern mainframes through providing automated intelligence, a process that creates mainframe systems that are self-managing.[22] Self-managing mainframes use machine learning to improve efficiency by anticipating needs, sending alarms, and taking actions without the need for manual actions from IT departments.[23]

Enterprises increasingly need to access and merge data from diverse locations, and BMC's products address the growing need for multi-cloud management.[24] For example, BMC Helix Remedyforce is built on Salesforce and provides complete IT service management functionality with both security and cloud-based collaborative capabilities.[25]

BMC's Control-M software platform allows business to run hundreds of thousands of batch jobs jobs daily and use the data to optimize complex business operations, such as supply chain management.[26] User can access all enterprise batch jobs through a single graphical interface. [27] Control-M integrates with distributed storage systems such as HDFS, YARN, MapReduce, and Apache Spark.[28] Control-M is consistently named the leader in workload automation by Enterprise Management Associates.[29]

In 2016 BMC rolled out an API for Control-M automation to give enterprises more control over application deployment into Hadoop ecosystems.[30] And in November 2019, BMC announced that Control-M would be made available as a Docker container, allowing users to more easily deploy it to the public cloud or on-premises.[31] Companies using BMC Control-M include the American Automobile Association, Lockheed Martin, JPMorgan Chase, and J.P. Morgan.[32]

The BMC Helix suite includes ITSM and ITOM capabilities that integrate AI to provide predictive IT service and management tools.[33] BMC Helix includes omni-channel communication through integrations with Slack, Skype, and SMS.[34]

BMC Helix Discovery provides enterprises with a single view of all IT assets that exist on-premises or in public and private clouds,[35] automatically discovering inventory across data centers and data sources.[36]

TrueSight is an operations management platform that utilizes AI and machine learning to provide insights and network automation abilities.[37]

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."[38] 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.[39] Max Watson Jr. was chairman and chief executive officer of BMC Software from April 1990 to January 2001.[40] At one point, he was listed as one of Houston's highest paid executives; in 2000, his salary and bonus was $1.2 million.[41]

In 2001, BMC appointed the company director, Garland Cupp, to the post of chairman, succeeding Max Watson, who quit the post in January 2001.[42] Watson was succeeded as chairman and CEO by BMC's former senior vice president of product management and development, Robert Beauchamp (pron. "Bee-chum").[11]

As of December 2016, Peter Leav succeeded Bob Beauchamp as president and chief executive officer.[43][44] In October 2019, Ayman Sayed was named as President and CEO of BMC Software.[45]

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gollark: Well, *feasible*, yes, but... don't?
gollark: I was expecting you to say something like "steal his ID and buy a sim card" honestly.
gollark: No, that's fine.
gollark: > france?

See also

References
  1. https://www.forbes.com/companies/bmc-software/#328f714a2acd
  2. https://www.forbes.com/companies/bmc-software/#328f714a2acd
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  5. Rogers, Bruce (August 13, 2015). "BMC's Past Near-Death Moment Prepared It For Today's Growth". Forbes.
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  15. "KKR Buys BMC Software". KKR New Media Oct 2, 2018.
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  17. "BMC Acquires Numara Software In A Mid-Market Makeover: What It Means For Customers". Forrester Blog. Retrieved 2020-06-29.
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  32. "Companies Using BMC Control-M, Market Share, Customers and Competitors". discovery.hgdata.com. Retrieved 2020-03-27.
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  36. "Overview - Documentation for BMC Discovery 11.3 - BMC Documentation". docs.bmc.com. Retrieved 2020-03-27.
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  39. Confessions of a Stock Broker. Littlebrown. 1972. ISBN 978-0-7181-1041-3. OL 7837855M.
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  43. Lopez, Maribel (December 12, 2016). "BMC Adds Peter Leav As CEO, Prepares For New Growth Chapter". Forbes.
  44. Preimesberger, Chris (December 12, 2016). "BMC Makes Change at Top, Selects Former Polycom CEO". eWeek.
  45. Gagliordi, Natalie. "BMC Software taps CA Technologies exec for permanent CEO position". ZDNet. Retrieved 2020-03-27.
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