|Founder||John J. Moores|
|Headquarters||Houston, Texas, U.S.|
BMC Software, Inc. is an American enterprise software company. BMC offers SaaS-based and on-premise software solutions 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. The company's international headquarters is located in Houston, Texas, United States.
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. Moores served as the company's first CEO. The firm primarily wrote software for IBM mainframe computers, the industry standard at the time.
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. The first day of trading was August 12, 1988.
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. The process was completed in September of 2013 and the company is no longer publicly traded.
On October 2, 2018 announced the completion of the acquisition of BMC 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. KKR also owns Cherwell Software, a competitive software to BMC Software’s Remedy suite of tools. BMC Software in January 2018, had filed a patent infringement against Cherwell, prior to KKR’s interest in BMC Software. Subsequently, the lawsuit has disappeared.
|Patrol Software||1994||$36 million|
|Boole & Babbage||1998||$877m - $1 billion|
|BGS Systems||1998||$285 million|
|New Dimension Software||1999||$673 million|
|IT Masters||2003||$42 million|
|Identify Software||2006||$151 million|
|Service Management Partners||2007||Unknown|
|Emprisa Networks||2007||$22 million|
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.
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." 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. Max Watson Jr. was chairman and chief executive officer of BMC Software from April 1990 to January 2001. At one point, he was listed as one of Houston's highest paid executives; in 2000, his salary and bonus was $1.2 million.
In 2001, BMC appointed the company director, Garland Cupp, to the post of chairman, succeeding Max Watson, who quit the post in January 2001. Watson was succeeded as chairman and CEO by BMC's former senior vice president of product management and development, Robert Beauchamp (pron. "Bee-chum"). 
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