Editing BMC Software (section)

== History ==
The company was founded in Houston, Texas, by former [[Shell plc|Shell]] employees Scott Boulette, [[John Moores (baseball)|John Moores]], and Dan Cloer, whose surname initials were adopted as the company name BMC Software.<ref name="CEOMag">{{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}}</ref> Moores served as the company's first CEO.<ref name="Blmberg">{{cite news|title=John J. Moores|work=Bloomberg|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=87848&privcapId=9192929}}</ref> The firm primarily wrote software for [[IBM mainframe]] computers, the industry standard at the time,<ref name="nytbmc">{{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}}</ref> 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.<ref name="twsnbsqasd">{{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}}</ref><ref>{{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}}</ref> The first day of trading was August 12, 1988.<ref name=":0">{{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}}</ref> BMC stock was originally traded on the [[Nasdaq]] under the symbol '''BMCS''' and later on the [[New York Stock Exchange]] with symbol '''BMC'''.<ref name=":0" />

=== 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.<ref>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.</ref> 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 [[Kohlberg Kravis Roberts|KKR]], a leading global investment firm. The company was acquired from a private investor group led by [[Bain Capital|Bain Capital Private Equity]] and [[Golden Gate Capital]] together with GIC, [[Insight Venture Partners]], and [[Elliott Management Corporation|Elliott Management]].