Original URL: http://www.channelregister.co.uk/2008/03/17/bms_to_acquire_bladelogic/
BMC Software intends to scoop up BladeLogic for $28 per share, or about $800m net of cash acquired.
BMC said in a statement (http://www.bmc.com/BMC/News/CDA/hou_PressRelease_detail/0,3519,8573740_8630060_105771178,00.html) today it plans to fold Massachusetts-based BladeLogic software into its existing product portfolio.
Data centre player BladeLogic, which hit the stock market last year in a $45.4m initial public offering, creates tools for automating server administration such as configuration and speccing storage devices.
Business service management firm BMC software, which is based in Houston, Texas, said the deal would bring it a “significant, high growth revenue stream”.
In its most recent quarter, BladeLogic turned in revenues of $21.4m, with a net loss of $395,000. The company is projecting revenues of $100m this year.
The acquisition is expected to close, subject to the usual regulatory requirements, in the first quarter of 2009.
The deal will see BladeLogic's misleadingly Web 2.0-ish ticker symbol - BLOG - pulled from the stock market.®
Dell soups management platform for new servers (13 November 2007)
http://www.channelregister.co.uk/2007/11/13/dell_openmanage_5point3/
BMC throws open developer network (26 July 2007)
http://www.channelregister.co.uk/2007/07/26/bmc_open_source/
Bladelogic seeks $45.4m IPO (5 July 2007)
http://www.channelregister.co.uk/2007/07/05/bladelogic_ipo/
Ambitious Evergrid to conquer VMware, Oracle and whatever else (16 June 2007)
http://www.channelregister.co.uk/2007/06/16/evergrid_all_roads/
Silverlight glow dimmed by cross-platform concerns (1 May 2007)
http://www.channelregister.co.uk/2007/05/01/microsoft_open_source_mix/
How CIOs can win back the hearts and minds of users (5 March 2007)
http://www.theregister.co.uk/2007/03/05/run_book_automation/
IBM and BMC team up in service management push (2 February 2006)
http://www.theregister.co.uk/2006/02/02/ibm_bmc_service_management_push/
BMC gets even more service oriented (24 October 2005)
http://www.channelregister.co.uk/2005/10/24/bmc-sorm/
BMC bedazzles investors with rosy 2006 outlook (3 August 2005)
http://www.channelregister.co.uk/2005/08/03/bmc_q1_06/
BMC asks for more time to get books SOX-ready (14 June 2005)
http://www.theregister.co.uk/2005/06/14/bmc_delay_filing/
The evolution of the data center (20 April 2005)
http://www.theregister.co.uk/2005/04/20/evolution_of_data_center/
Computacenter signs up for BladeLogic (19 April 2005)
http://www.channelregister.co.uk/2005/04/19/computacenter_signs_up_for_bladelogic/
© Copyright 2008