BMC Software has concluded its acquisition by a private investor group led by Bain Capital and Golden Gate Capital together with Insight Venture Partners, GIC Special Investments and Elliott Management.
“This is an exciting day for BMC Software, including our employees, our partners and our new owners,” says Bob Beauchamp, the company’s chairman and chief executive officer. “Most importantly, this transaction is very good news for our customers. As a private company, we will be able to innovate more quickly than ever before and deliver the most valuable IT management solutions in the industry.”
“BMC is the leading global provider of cloud, mainframe and mobile IT management solutions to enterprises across the globe," says Ian Loring (pictured), managing director at Bain Capital. "We are excited to support BMC’s management team as they drive profitable growth. Working together, we will deliver innovative new IT management solutions that transform the way companies – and their employees – do business.”
As a result of the completion of the transaction, BMC Software common stock will no longer be listed for trading on Nasdaq, effective as of the close of trading today.
