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BMC Software
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{{Short description|American enterprise software company}} {{Use American English|date=December 2021}} {{Use mdy dates|date=December 2021}} {{Infobox company | name = BMC Software, Inc. | logo = BMC Software logo (2014).svg | image = BMC Software, Houston.jpg | type = [[Privately held company|Private]] | traded_as = | industry = [[Information technology]]<br />[[Consulting]] <br />[[Enterprise software]] | founded = {{Start date and age|1980|9}} | founder = [[John Moores (baseball)|John Moores]]<ref name="j.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}}</ref><br />Dan Cloer<ref name="historyofbranding">{{Cite web|url=https://www.historyofbranding.com/bmcsoftware/|title=History of BMC Software|date=August 24, 2007|publisher=History of Branding}}</ref><br />Scott Boulette<ref name="historyofbranding"/> | location = [[Houston]], [[Texas]], United States<ref name="forbes.com">{{Cite web|url=https://www.forbes.com/companies/bmc-software|title = BMC Software| work=Forbes}}</ref> | key_people = Ayman Sayed ([[Chief executive officer|CEO]])<ref name="forbes.com"/> | products = [[Software]] <br />[[IT service management]] | revenue = $2.1 billion (2021)<ref name="forbes.com"/> | revenue_year = | operating_income = | income_year = | net_income = | net_income_year = | assets = | assets_year = | equity = | equity_year = | owner = [[Kohlberg Kravis Roberts|KKR]] | num_employees = 6,000 (2020)<ref name="forbes.com"/> | num_employees_year = | homepage = {{URL|http://www.bmc.com/}} }} '''BMC Software, Inc.''' is an American [[Multinational corporation|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 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]]. == 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.<ref>{{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}}</ref> Self-managing mainframes use machine learning to improve efficiency by anticipating needs, sending alarms, and taking actions without the need for manual actions.<ref>{{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}}</ref> BMC's Control-M software is an application workflow orchestration platform that allows businesses to run hundreds of thousands of [[Batch processing|batch jobs]] daily and use the data to optimize complex business operations, such as [[supply chain management]].<ref name="enterprisesystemsmedia.com">{{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}}</ref> Users can access all enterprise batch jobs through a single graphical interface.<ref>{{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}}</ref> Control-M integrates with distributed storage systems such as [[HDFS]], [[YARN]], [[MapReduce]] and [[Apache Spark]].<ref name="enterprisesystemsmedia.com"/> In 2019, the firm made the program available in a [[Docker (software)|Docker]] container, allowing easy deployment to the public cloud or on-premises.<ref>{{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}}</ref> The software has been named the overall leader in [[workload automation]] by Enterprise Management Associates in each report since 2010.<ref name="enterprisesystemsmedia.com"/> In 2020, the firm announced the launch of [[SaaS]]-based BMC Helix Control-M application workflow orchestration.<ref>{{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}}</ref> The TrueSight suite utilizes AI and [[machine learning]] to provide insights and network automation capabilities,<ref>{{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}}</ref> 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.<ref name="nytanbo">{{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}}</ref> 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.<ref>{{Cite book|title=Confessions of a Stock Broker|date=1972|publisher=Littlebrown|isbn=978-0-7181-1041-3|ol=7837855M}}</ref> Max Watson Jr. was chairman and chief executive officer of BMC Software from April 1990 to January 2001.<ref>{{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}}</ref> In 2001, BMC appointed the company director, Garland Cupp, as chairman, succeeding Max Watson, who quit the post in January 2001.<ref name="nytnbd">{{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}}</ref> Watson was succeeded as chairman and CEO by BMC's former senior vice president of product management and development, Robert Beauchamp.<ref name="fundinguniverse">{{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}}</ref> In December 2016, Peter Leav succeeded Bob Beauchamp as president and chief executive officer.<ref name="eWeekLeav">{{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}}</ref> In October 2019, Ayman Sayed was named as President and CEO of BMC Software.<ref>{{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}}</ref> == 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.<ref>{{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}}</ref><ref>{{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}}</ref> 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".<ref>{{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}}</ref> == See also == {{Portal|Texas|Companies}} *[[List of companies in Houston]] *[[Remedy Corp]] == References == {{Reflist|30em}} == External links == * {{official}} {{Finance links historical | name = BMC Software, Inc. | sec_cik = 835729 }} {{Major information technology consulting and outsourcing companies}} {{KKR}} {{Authority control}} {{DEFAULTSORT:Bmc Software}} [[Category:Orchestration software]] [[Category:Job scheduling]] [[Category:Software companies based in Texas]] [[Category:Information technology consulting firms of the United States]] [[Category:International information technology consulting firms]] [[Category:Privately held companies based in Texas]] [[Category:Companies based in Houston]] [[Category:Software companies established in 1980]] [[Category:American companies established in 1980]] [[Category:Business software companies]] [[Category:Companies formerly listed on the Nasdaq]] [[Category:1980s initial public offerings]] [[Category:2018 mergers and acquisitions]] [[Category:Kohlberg Kravis Roberts companies]] [[Category:Software companies of the United States]] [[Category:Software performance management]] [[Category:2013 mergers and acquisitions]] [[Category:1980 establishments in Texas]] [[Category:Bain Capital companies]]
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