Wednesday, June 23, 2021

BMC to Buy BladeLogic For Nearly $800M

IT management software maker BMC Software on Monday has struck a deal to buy datacenter automation player BladeLogic, for nearly $800 million.

The acquisition — which will see BMC (NYSE: BMC) buying BladeLogic (NASDAQ: BLOG), for $28 per share in cash, above Friday’s $23.61 close — is designed to round out BMC’s product portfolio.

BMC makes business service management (BSM) software that helps IT staff manage an enterprise’s technology.

Adding BladeLogic’s service to its own roster of BSM products could enable BMC to offer businesses greater IT automation — seen as a way to cut costs as budgets balloon.

“Organizations around the world will spend more than $140 billion dollars this year running datacenters,” said Bob Beauchamp, BMC’s president and chief executive officer. “Automation is the only way IT can bring this spending under control and still meet the reliability and time-to-market requirements of their businesses.”

This article was first published on InternetNews.com. To read the full article, click here.

Similar articles

Latest Articles

3 AI Implementations That...

I was on a joint educational call for the World Talent Economic Economic forum on mobile computing this week. We drifted to topics that...

Survey of Site Reliability...

NEW YORK — Site reliability engineers (SREs) are warning of a looming scalability ceiling and saying the adoption of AIOps isn’t happening at a...

Druva Integrates sfApex to...

SUNNYVALE, Calif. — A maker of software for cloud data protection and management is helping companies safeguard essential customer data that their sales and...

Best Data Science Tools...

Data science has transformed our world. The ability to extract insights from enormous sets of structured and unstructured data has revolutionized numerous fields —...