BMC Software
_BMC_logo.png){kind=logo} |
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| Private | |
| Industry | Computer software |
| Founded | September 1980 |
| Headquarters | Houston, Texas, U.S. |
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Key people
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| Products |
Enterprise software Business service management IT Services and Management Mainframe computing IT Operations |
| Revenue |
 US$ 2.172 billion (FY 2012) |
| US$ 543.9 million (FY 2012) |
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 US$ 401.0 million (FY 2012) |
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| Total assets |
US$ 4.864 billion (FY 2012) |
| Total equity |
US$ 1.446 billion (FY 2012) |
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Number of employees
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6,900 (March 2012) |
| Website | BMC.com |
BMC Software is an American technology company. BMC produces software and services that assist businesses in moving to digital operations. Its software serves functions including IT service management, data center automation, performance management, virtualization lifecycle management and cloud computing management. The company identifies its strategy as "digital enterprise management", and focuses on platforms including mainframe computers, mobile devices, and cloud computing. BMC previously offered primarily on-premises services, but as of 2016 its business model increasingly incorporates Software-as-a-Service.
In 2013, BMC transitioned from a public to a private company. Investors included Bain Capital, Golden Gate Capital, Insight Venture Partners, GIC Private Limited's GIC Special Investments Pte Ltd and Elliott Management Corporation.
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. During those years, BMC wrangled with IBM about issues such as "software tie-in claims". IBM and BMC were involved in litigation."
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. From that time until its privatization, BMC filed quarterly and annual statements with the SEC. Annual stockholder meetings are typically held in Houston during July or August. The stock was originally traded on NASDAQ under the symbol BMCS, then on the New York Stock Exchange with symbol BMC.
BMC programmers received commissions for their designs since the beginning of the firm. As a cost-saving measure from the early days of the company, sales were handled via direct mail and telemarketing. In 1991, BMC placed one-quarter of pretax revenues into the budget for research and development. The employees at the headquarters in Sugar Land, Texas often wore Hawaiian shirts rather than business suits.
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Wikipedia