BMC Software

{{Infobox company

| name = BMC Software, Inc.

| logo = BMC Software logo (2014).svg

| image = BMC Software, Houston.jpg

| traded_as =

| industry = Information technology
Consulting
Enterprise software

| founded = {{Start date and age|1980|9}}

| founder = John Moores{{Cite web|url=https://www.sandiego.edu/business/centers-and-institutes/burnham-moores-real-estate/leadership/policy-advisory-board/biography.php?profile_id=8255|title=John Jay Moores, Emeritus|publisher=University of San Diego}}
Dan Cloer{{Cite web|url=https://www.historyofbranding.com/bmcsoftware/|title=History of BMC Software|date=August 24, 2007|publisher=History of Branding}}
Scott Boulette

| location = Houston, Texas, United States{{Cite web|url=https://www.forbes.com/companies/bmc-software|title = BMC Software| work=Forbes}}

| key_people = Ayman Sayed (CEO)

| products = Software
IT service management

| revenue = $2.1 billion (2021)

| revenue_year =

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| owner = KKR

| num_employees = 6,000 (2020)

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| homepage = {{URL|http://www.bmc.com/}}

}}

BMC Software, Inc. is an American multinational information technology (IT) services and consulting, and enterprise software company based in Houston, Texas.{{cn|date=November 2024}}

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.{{cite news|date=October 2015|title=Jason Andrew|work=The CEO Magazine|url=http://www.theceomagazine.com/business/jason-andrew/|url-status=dead|access-date=2016-06-28|archive-url=https://web.archive.org/web/20161220065245/http://www.theceomagazine.com/business/jason-andrew/|archive-date=2016-12-20}} Moores served as the company's first CEO.{{cite news|title=John J. Moores|work=Bloomberg|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=87848&privcapId=9192929}} The firm primarily wrote software for IBM mainframe computers, the industry standard at the time,{{cite news |author=Staff writer |date=June 6, 1985 |title=BMC-I.B.M. Suit |work=New York Times |url=https://www.nytimes.com/1985/06/06/business/bmc-ibm-suit.html |access-date=August 9, 2009}} 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.{{cite news|date=August 11, 2009|title=BMC: Stock Quote & Summary Data|publisher=Nasdaq|url=http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=BMC&selected=BMC|access-date=August 11, 2009}}{{cite web|title=BMC SOFTWARE INC (Form: 10-K, Received: 05/21/2008 17:30:22)|url=http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f05%2f21%2f0001362310-08-002952.html#FIS_BUSINESS|access-date=September 7, 2009|archive-date=January 4, 2022|archive-url=https://web.archive.org/web/20220104221012/https://secfilings.nasdaq.com/edgar_conv_html/2008/05/21/0001362310-08-002952.html#FIS_BUSINESS|url-status=dead}} The first day of trading was August 12, 1988.{{Cite web |date=23 February 2001 |title=BMC Software exits Nasdaq for New York Stock Exchange |url=https://www.bizjournals.com/houston/stories/2001/02/19/daily26.html |access-date=11 December 2024 |website=Houston Business Journal}} BMC stock was originally traded on the Nasdaq under the symbol BMCS and later 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.Goldman, David. (2013-05-06) [https://money.cnn.com/2013/05/06/technology/enterprise/bmc-software/ BMC Software sold for $6.9 billion - May. 6, 2013]. Money.cnn.com. Retrieved on 2013-07-26. The process was completed in September 2013 and the company is no longer publicly traded.

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.

Products and services

BMC Software specializes in software designed to enable an autonomous digital enterprise, developing products used for multiple functions including automation, service management, DevOps, workflow orchestration, AIOps, and security.{{cn|date=November 2024}}

The company supports enterprises using mainframes with its Automated Mainframe Intelligence (AMI) product line, which enables self-managing mainframe systems.{{Cite web|date=2019-07-31|title=BMC Reinvents Application Development with Automated Intelligence|url=https://www.aithority.com/security/bmc-reinvents-application-development-with-automated-mainframe-intelligence/|access-date=2020-03-27|website=AiThority|language=en-US}} Self-managing mainframes use machine learning to improve efficiency by anticipating needs, sending alarms, and taking actions without the need for manual actions.{{Cite web|title=Creating a Self-Managing Mainframe|url=https://ibmsystemsmag.com/IBM-Z/09/2018/self-managing-mainframe|access-date=2020-03-27|website=ibmsystemsmag.com|language=en|archive-date=March 6, 2023|archive-url=https://web.archive.org/web/20230306002025/https://ibmsystemsmag.com/IBM-Z/09/2018/self-managing-mainframe|url-status=dead}}

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.{{Cite web|title=BMC Control-M Named Overall Leader in EMA Workload Automation Radar Report|url=http://enterprisesystemsmedia.com/|access-date=2020-03-27|website=enterprisesystemsmedia.com|language=en}} Users can access all enterprise batch jobs through a single graphical interface.{{Cite web|title=BMC Control-M Improve workflows, reduce operating costs, and deploy new services faster with automation|url=https://www.rightstar.com/products/bmc-products/bmc-control-m/|access-date=2020-03-27|website=RightStar|language=en-US}} Control-M integrates with distributed storage systems such as HDFS, YARN, MapReduce and Apache Spark. In 2019, the firm made the program available in a Docker container, allowing easy deployment to the public cloud or on-premises.{{Cite web|date=2019-11-01|title=BMC Preps Control-M Workflow Engine for Container Age|url=https://containerjournal.com/topics/container-management/bmc-preps-control-m-workflow-engine-for-container-age/|access-date=2020-03-27|website=Container Journal|language=en-US}} The software has been named the overall leader in workload automation by Enterprise Management Associates in each report since 2010. In 2020, the firm announced the launch of SaaS-based BMC Helix Control-M application workflow orchestration.{{Cite news|date=2020-12-02|title=Adding some SaaS to traditional business, BMC Helix Control-M unifies on-premises and Cloud|url=https://siliconangle.com/2020/12/02/adding-some-saas-to-traditional-business-bmc-helix-control-m-unifies-on-prem-and-cloud-reinvent/|access-date=2020-12-10|website=SiliconANGLE|language=en-US}}

The TrueSight suite utilizes AI and machine learning to provide insights and network automation capabilities,{{Cite web|date=2016-09-22|title=BMC TrueSight Operations Management|url=https://www.ktsl.com/bmc-truesight-operations-management/|access-date=2020-03-27|website=KTSL|language=en-GB}} 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.{{cite news|last=Myerson|first=Allen R.|date=November 30, 1997|title=A New Breed of Wildcatter for the 90's|work=The New York Times|url=https://www.nytimes.com/1997/11/30/business/a-new-breed-of-wildcatter-for-the-90-s.html?pagewanted=all|access-date=August 9, 2009}} 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.{{Cite book|title=Confessions of a Stock Broker|date=1972|publisher=Littlebrown|isbn=978-0-7181-1041-3|ol=7837855M}} Max Watson Jr. was chairman and chief executive officer of BMC Software from April 1990 to January 2001.{{cite news|date=August 10, 2009|title=Max P. Watson|work=Forbes|url=https://people.forbes.com/profile/max-p-watson/38427|url-status=dead|access-date=August 10, 2009|archive-url=https://web.archive.org/web/20110723234122/http://people.forbes.com/profile/max-p-watson/38427|archive-date=2011-07-23}}

In 2001, BMC appointed the company director, Garland Cupp, as chairman, succeeding Max Watson, who quit the post in January 2001.{{cite news|last=Connell|first=James|date=May 2, 2001|title=Tech Brief:NEW BMC DIRECTOR|work=The New York Times|url=https://www.nytimes.com/2001/05/02/business/worldbusiness/02iht-a15.html|url-status=dead|access-date=August 9, 2009|archive-url=https://web.archive.org/web/20130518043516/http://www.nytimes.com/2001/05/02/business/worldbusiness/02iht-a15.html|archive-date=May 18, 2013}} Watson was succeeded as chairman and CEO by BMC's former senior vice president of product management and development, Robert Beauchamp.{{cite web|title=BMC Software, Inc. -- Company History|url=http://www.fundinguniverse.com/company-histories/BMC-Software-Inc-Company-History.html|access-date=September 7, 2009|work=Funding Universe}}

In December 2016, Peter Leav succeeded Bob Beauchamp as president and chief executive officer.{{cite news|last=Preimesberger|first=Chris|date=December 12, 2016|title=BMC Makes Change at Top, Selects Former Polycom CEO|work=eWeek|url=http://www.eweek.com/enterprise-apps/bmc-makes-change-top-selects-former-polycom-ceo.html}} In October 2019, Ayman Sayed was named as President and CEO of BMC Software.{{Cite web|last=Gagliordi|first=Natalie|title=BMC Software taps CA Technologies exec for permanent CEO position|url=https://www.zdnet.com/article/bmc-software-taps-ca-technologies-exec-for-permanent-ceo-position/|access-date=2020-03-27|website=ZDNet|language=en}}

Litigation

In 2022, BMC won a lawsuit against IBM for "fraudulently inducing and then violating a software licensing agreement", and was awarded over $1.6 billion in damages.{{Cite web |last=Buchi |first=Raju |date=2022-06-02 |title=BMC Software Awarded Historic $1.6 Billion in Damages in Suit Against IBM |url=https://www.bracewell.com/news-events/bmc-software-awarded-historic-16-billion-damages-suit-against-ibm/ |access-date=2024-09-06 |website=Bracewell LLP |language=en-US}}{{Cite web |date=2023-05-15 |title=White & Case and BMC Software legal team win "Houston Business Litigation of the Year" award {{!}} White & Case LLP |url=https://www.whitecase.com/firm/awards-rankings/award/white-case-and-bmc-software-legal-team-win-houston-business-litigation |access-date=2024-09-06 |website=www.whitecase.com |language=en}} This was then overturned by the 5th U.S. Circuit Court of Appeals in New Orleans, stating that "a lower court judge's determination concerning liability was in error." The three-judge panel, U.S. Circuit Judge Edith Jones said AT&T, one of BMC's biggest clients, had switched to IBM software "independently" and that BMC had "lost out to IBM fair and square".{{Cite web |last=Stempel |first=Jonathan |date=April 30, 2024 |title=IBM wins reversal of $1.6 billion judgment to BMC over software contract |url=https://www.reuters.com/legal/ibm-wins-reversal-16-billion-judgment-bmc-over-software-contract-2024-04-30/ |website=Reuters}}