INQUIRER.net: Cloud software firm BMC sold for $6.9B

INQUIRER.net Philippine News for Filipinos

Cloud software firm BMC sold for $6.9B May 7th 2013, 01:37 NEW YORK—A consortium of private equity groups announced a deal Monday to acquire enterprise software group BMC Software for $6.9 billion in cash.   The group led by Bain Capital, Golden Gate Capital, GIC and Insight Venture Partners will pay $46.25 a share for the firm specializing in business and cloud management software.   "After a thorough review of strategic alternatives, the BMC board of directors is pleased to reach this agreement, which provides shareholders with immediate and substantial cash value, as well as a premium to our unaffected share price," said Bob Beauchamp, BMC chairman and chief executive.   "BMC believes the opportunity to beco... Keep on reading: Cloud software firm BMC sold for $6.9B Media files: bmc-software.jpg (image/jpeg)

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