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Revision as of 14:37, 11 March 2020
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Company type | Private |
---|---|
Industry | Computer software |
Founded | September 1980 |
Founder | John J. Moores Dan Cloer Scott Boulette |
Headquarters | Houston, Texas, U.S. |
Key people |
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Products |
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Website | www |
BMC Software, Inc. is an American enterprise software company. BMC offers SaaS-based and on-premise 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.[1] The company's international headquarters is located in Houston, Texas, United States.[2][3]
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.[4][5] Moores served as the company's first CEO.[6] The firm primarily wrote software for IBM mainframe computers, the industry standard at the time.[2]
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.[7][8] The first day of trading was August 12, 1988.[9][10]
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.[11] The process was completed in September 2013 and the company is no longer publicly traded.[12]
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.[13]
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 | 2010 | Undisclosed |
GridApp Systems | 2010 | Undisclosed |
Coradiant | 2011 | Undisclosed |
StreamStep | 2011 | Undisclosed |
Numara Software | 2012 | Undisclosed |
Compuware | 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.[14] 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.[15] 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.[16]
Enterprises increasingly need to access and merge data from diverse locations, and BMC's products address the growing need for multi-cloud management.[17] For example, BMC Helix Remedyforce is built on Salesforce and provides complete IT service management functionality with both security and cloud-based collaborative capabilities.[18]
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.[19] User can access all enterprise batch jobs through a single graphical interface. [20] Control-M integrates with distributed storage systems such as HDFS, YARN, MapReduce, and Apache Spark.[21] Control-M is consistently named the leader in workload automation by Enterprise Management Associates.[22]
In 2016 BMC rolled out an API for Control-M automation to give enterprises more control over application deployment into Hadoop ecosystems.[23] 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-premise.[24] Companies using BMC Control-M include the American Automobile Association, Lockheed Martin, JPMorgan Chase, and J.P. Morgan.[25]
The BMC Helix suite includes ITSM and ITOM capabilities that integrate AI to provide predictive IT service and management tools.[26] BMC Helix includes omni-channel communication through integrations with Slack, Skype, and SMS.[27]
BMC Helix Discovery provides enterprises with a single view of all IT assets that exist on-premise or in public and private clouds[28], automatically discovering inventory across datacenters and data sources.[29]
TrueSight is an operations management platform that utilizes AI and machine learning to provide insights and network automation abilities. [30]
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."[31] 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.[32] Max Watson Jr. was chairman and chief executive officer of BMC Software from April 1990 to January 2001.[33] At one point, he was listed as one of Houston's highest paid executives; in 2000, his salary and bonus was $1.2 million.[34]
In 2001, BMC appointed the company director, Garland Cupp, to the post of chairman, succeeding Max Watson, who quit the post in January 2001.[35] Watson was succeeded as chairman and CEO by BMC's former senior vice president of product management and development, Robert Beauchamp (pron. "Bee-chum").[9]
As of December 2016, Peter Leav succeeded Bob Beauchamp as president and chief executive officer.[36][37] In October 2019, Ayman Sayed was named as President and CEO of BMC Software.[38]
See also
References
- ^ "BMC Software, Inc. (BMC)". bizjournals. August 11, 2009. Retrieved August 11, 2009. [dead link]
- ^ a b Staff writer (June 6, 1985). "BMC-I.B.M. Suit". The New York Times / Reuters. Retrieved August 9, 2009.
- ^ Rogers, Bruce (August 13, 2015). "BMC's Past Near-Death Moment Prepared It For Today's Growth". Forbes.
- ^ Bauder, John (January 28, 2015). "Luddy learned from Moores". San Diego Reader.
- ^ "Jason Andrew". The CEO Magazine. October 2015. Archived from the original on 2016-12-20. Retrieved 2016-06-28.
- ^ "John J. Moores". Bloomberg.
- ^ "BMC: Stock Quote & Summary Data". NASDAQ. August 11, 2009. Retrieved August 11, 2009.
- ^ "BMC SOFTWARE INC (Form: 10-K, Received: 05/21/2008 17:30:22)". Retrieved September 7, 2009.
- ^ a b "BMC Software, Inc. -- Company History". Funding Universe. Retrieved September 7, 2009.
- ^ "BMC Software - Stock Quote". Hoover's. Retrieved September 7, 2009.
- ^ Goldman, David. (2013-05-06) BMC Software sold for $6.9 billion - May. 6, 2013. Money.cnn.com. Retrieved on 2013-07-26.
- ^ Press Release (September 10, 2013). "BMC Software Completes Privatization Transaction". BMC Software. Archived from the original on October 6, 2014. Retrieved October 1, 2014.
- ^ "KKR Buys BMC Software". KKR New Media Oct 2, 2018.
- ^ https://enlyft.com/tech/products/bmc-software
- ^ https://www.aithority.com/security/bmc-reinvents-application-development-with-automated-mainframe-intelligence/
- ^ https://ibmsystemsmag.com/IBM-Z/09/2018/self-managing-mainframe
- ^ https://tdwi.org/articles/2017/10/12/bmc-unveils-multicloud-management-strategy.aspx
- ^ https://www.columnit.com/bmc-remedyforce.html
- ^ http://enterprisesystemsmedia.com/article/bmc-control-m-named-overall-leader-in-ema-workload-automation-radar-report#sr=g&m=o&cp=or&ct=-tmc&st=(opu%20qspwjefe)&ts=1578671734
- ^ https://www.rightstar.com/products/bmc-products/bmc-control-m/
- ^ http://enterprisesystemsmedia.com/article/bmc-control-m-named-overall-leader-in-ema-workload-automation-radar-report#sr=g&m=o&cp=or&ct=-tmc&st=(opu%20qspwjefe)&ts=1578671734
- ^ http://enterprisesystemsmedia.com/article/bmc-control-m-named-overall-leader-in-ema-workload-automation-radar-report#sr=g&m=o&cp=or&ct=-tmc&st=(opu%20qspwjefe)&ts=1578671734
- ^ https://dzone.com/articles/new-automation-api-for-hadoop-environments
- ^ https://containerjournal.com/topics/container-management/bmc-preps-control-m-workflow-engine-for-container-age/
- ^ https://discovery.hgdata.com/product/bmc-control-m
- ^ https://www.dataversity.net/bmc-helix-delivers-industry-first-end-to-end-itsm-and-itom-platform-powered-by-ai-ml/
- ^ https://www.itopstimes.com/itsm/bmc-helix-brings-ai-to-itsm/
- ^ http://www.dbta.com/BigDataQuarterly/Articles/BMC-Discovery-for-Multi-Cloud-Helps-Companies-Manage-Multi-Cloud-Environments-120455.aspx
- ^ https://docs.bmc.com/docs/discovery/113/overview-788109974.html
- ^ https://www.ktsl.com/bmc-truesight-operations-management/
- ^ Myerson, Allen R. (November 30, 1997). "A New Breed of Wildcatter for the 90's". The New York Times. Retrieved August 9, 2009.
- ^ Confessions of a Stock Broker. Littlebrown. 1972. ISBN 978-0-7181-1041-3. OL 7837855M.
- ^ "Max P. Watson". Forbes / Forbes.com. August 10, 2009. Archived from the original on 2011-07-23. Retrieved August 10, 2009.
- ^ Sixel, L.M. (May 29, 2001). "Houston's top execs in energy -- Oil and gas claims 8 of 10 highest-paid". The Houston Chronicle (chron.com). Archived from the original on March 20, 2006. Retrieved August 10, 2009.
- ^ Connell, James (May 2, 2001). "Tech Brief:NEW BMC DIRECTOR". The New York Times. Archived from the original on May 18, 2013. Retrieved August 9, 2009.
- ^ Lopez, Maribel (December 12, 2016). "BMC Adds Peter Leav As CEO, Prepares For New Growth Chapter". Forbes.
- ^ Preimesberger, Chris (December 12, 2016). "BMC Makes Change at Top, Selects Former Polycom CEO". eWeek.
- ^ https://www.zdnet.com/article/bmc-software-taps-ca-technologies-exec-for-permanent-ceo-position/
- Software companies based in Texas
- Privately held companies based in Texas
- Companies based in Houston
- Software companies established in 1980
- American companies established in 1980
- Business software companies
- Performance management
- Companies formerly listed on NASDAQ
- 1980s initial public offerings
- 2013 mergers and acquisitions
- Private equity portfolio companies
- Software companies of the United States