Jump to content

User:Karenarlenereynolds/sandbox

From Wikipedia, the free encyclopedia

1990s

[edit]

In 1989, BMC announced plans to lease additional property in Sugar Land[1] and in 1990, Max Watson, Jr. succeeded Hosley as CEO and President. In 1991, BMC had 640 employees with $139 million in revenues. Revenues, net earnings, and earnings per share increased approximately 50% over 1990.[2] By 1991, it had offices in several complexes in the Houston area including Stafford and Sugar Land.[3] Later in 1991, BMC announced it was building a new headquarters complex for $65 million.[4] The 20 story tower (120,000 square feet) opened in late 1993.[3][4][5][6] In 1991, Greg Hassell of the Houston Chronicle noted that after 11 years of growth, BMC still utilized "classic strategies used by little companies", such as sales commissions for its programmers and sizeable spending in research and development.[2]

A primary BMC product during the early-mid 1990s was Patrol, a "data base and systems management product (which) monitors the status of computers, resources, databases and applications on a network," according to a New York Times report.[7] In 1994, BMC made an alliance with computer maker Digital Equipment Corporation in which BMC would convert its Patrol software to run on all Digital operating system environments. In 1997, BMC bought Datatools, a privately based maker of backup and recovery products based in Sunnyvale, California, for $60 million.[8]

In 1998, BMC bought Boole & Babbage, an automation computer software company based in Silicon Valley.[9] Estimates of the price paid varied from $877 million to $1 billion.[10][11][12][13][14] Media reports praised the acquisition, noting that both BMC and Boole & Babbage produce software that helps workers in information systems and network administration monitor problems and optimize performance.[12][14] The acquisition also helped BMC expand its international sales.[14]

Also in 1998, BMC bought Massachusetts-based BGS Systems, whose software also supported systems monitoring and optimization, for an estimated $285 million.[15][16] Local media reports noted that BMC focused on using its acquisitions to add new products, and therefore avoided the need for associated layoffs.[17]

In 1999, BMC acquired the Israeli firm New Dimension Software, with its workload automation software CONTROL-M, for $673 million cash.[16][18][19] New Dimension Software's products included security administration, document management and multi-platform job scheduling applications.[16] In 2000, BMC bought Israeli software maker Optisystems for $70 million.[18][20]

  1. ^ Bivins, Ralph (December 14, 1989). "Firms move to suburbs for ritzier, roomier office space". Houston Chronicle. p. Business 4. Archived from the original on May 12, 2012. Retrieved August 2, 2009.
  2. ^ a b Hassell, Greg (July 28, 1991). "CHRONICLE 100 / Thinking small has paid off big / After 11 years of growth, BMC Software still run like a start-up company". Houston Chronicle. p. Special 5. Archived from the original on October 15, 2012. Retrieved August 3, 2009.
  3. ^ a b Bivins, Ralph. "BMC signs a big lease/Firm needs space until tower's done." Houston Chronicle. Sunday November 17, 1991. Retrieved on August 2, 2009.
  4. ^ a b Bivins, Ralph. "BMC building 20-story tower near tollway on city's west side." Houston Chronicle. Tuesday August 6, 1991. Business 1. Retrieved on August 3, 2009.
  5. ^ Cite error: The named reference nytanbo was invoked but never defined (see the help page).
  6. ^ Bivins, Ralph (December 17, 1992). "Greenspoint ground broken for Exxon Exploration building". Houston Chronicle. p. Business 3. Archived from the original on June 7, 2010. Retrieved August 2, 2009.
  7. ^ Staff writer (February 16, 1994). "Company news; bmc software in a pact with digital". The New York Times. Retrieved August 9, 2009.
  8. ^ "BMC, exercising option, pays $60 million for Datatools". The New York Times. May 22, 1997. Retrieved August 9, 2009.
  9. ^ Oral history interview with Kenneth W. Kolence, Charles Babbage Institute, University of Minnesota
  10. ^ Holson, Laura M. (November 2, 1998). "BMC Is Expected to Buy Boole & Babbage". The New York Times. Archived from the original on May 18, 2013. Retrieved August 9, 2009.
  11. ^ Dubie, Denise (September 23, 2002). "BMC to acquire Remedy from bankrupt Peregrine". NetWorkWorld. Retrieved August 11, 2009.
  12. ^ a b Fisher, Lawrence M. (November 23, 1998). "Technology; A Systems-Management Deal That Computes". The New York Times. Retrieved August 9, 2009.
  13. ^ "$1 Billion Acquisition Seen in Software Industry". The New York Times. November 2, 1998. Retrieved August 9, 2009.
  14. ^ a b c Staff writer (November 3, 1998). "Company news; Boole & Babbage soars on planned purchase by BMC". The New York Times. Retrieved August 9, 2009.
  15. ^ Reuters (February 3, 1998). "Company news; BMC Software to add BGS Systems for $285 million". The New York Times. Retrieved August 9, 2009. {{cite news}}: |author= has generic name (help)
  16. ^ a b c Staff writer (May 18, 1999). "Rest of the top 10 -- 3. BMC Software". The Houston Chronicle (chron.com). Archived from the original on March 21, 2006. Retrieved August 10, 2009.
  17. ^ Laura goldberg (April 30, 1999). "Toward a more perfect merger". The Houston Chronicle (chron.com). Archived from the original on May 25, 2009. Retrieved August 10, 2009.
  18. ^ a b Cite error: The named reference twssectkbmcrapd was invoked but never defined (see the help page).
  19. ^ Staff writer (March 9, 1999). "Company news; bmc software to acquire new dimension". The New York Times.
  20. ^ Staff writer (May 24, 2000). "Company news; BMC Software purchasing Optisystems for $70 million". The New York Times. Retrieved August 9, 2009.
Retrieved from "https://en.wikipedia.org/w/index.php?title=User:Karenarlenereynolds/sandbox&oldid=766525662"