BMC, a KKR portfolio company and a global leader in IT solutions for the digital enterprise, has announced the signing of a definitive agreement to purchase Compuware, a Thoma Bravo company and a leading provider of mainframe application development, delivery, and support solutions.<\/p>\n
The transaction builds on BMC\u2019s track record of investing in growth and is expected to be completed in the coming months subject to customary closing conditions. Financial terms of the transaction were not disclosed.<\/p>\n
The strategic combination of BMC and Compuware will build upon the success of BMC Automated Mainframe Intelligence (AMI) and the Topaz suite, ISPW technology, and classic product portfolios from Compuware to further modernize the mainframe industry. This transaction brings together two companies focused on consistently delivering innovative, best-of-breed products to meet the needs of enterprise organizations worldwide.<\/p>\n
The combined company will help customers better manage their mainframe operations, cybersecurity, application development, data, and storage as part of their enterprise DevOps strategies, as well as provide seamless integration of the mainframe platform development and management processes into the enterprise technology stack.<\/p>\n
\u201cBMC continues to be focused on evolving and investing in our portfolio to address and even anticipate the needs of our customers, helping them to succeed today and into tomorrow,\u201d said Ayman Sayed, President and CEO of BMC. \u201cIt\u2019s the ideal time to bring Compuware into our portfolio as the traditional mainframe AppDev market transitions to DevOps. We\u2019re excited to welcome the Compuware team as we build best-of-breed modern mainframe solutions.\u201d<\/p>\n
\u201cCompuware is the proven and trusted partner in mainstreaming the mainframe for Agile and DevOps, and we are thrilled to now be joining forces with BMC in reinventing the future of the platform,\u201d said Chris O\u2019Malley, CEO of Compuware.<\/p>\n
\u201cBoth companies have been leaders in mainframe innovation over the last five years and we look forward to combining our complementary solution strengths and a common passion for accelerating our customers\u2019 successful digital transformations. Without a doubt, a combined BMC and Compuware is the best, brightest, and most collaborative partner for a new generation of mainframe stewards.\u201d<\/p>\n
\u201cThe acquisition of Compuware brings together two highly complementary, best-in-class technology offerings,\u201d said John Park, KKR Partner. \u201cWe believe the combination of these two companies will create a leading, end-to-end platform focused on driving innovation for our mainframe customers worldwide.\u201d<\/p>\n
\u201cWe are proud to have partnered with Compuware over the past five-and-a-half years during which time the company has become a leading innovator in the mainframe software market,\u201d said Seth Boro, managing partner at Thoma Bravo.<\/p>\n
\u201cCompuware\u2019s transformation during this time has been remarkable and is a testament to the vision and leadership of Chris O\u2019Malley and the company\u2019s Management team. We would like to thank all of Compuware\u2019s employees for their dedication, effort, and partnership over the course of Thoma Bravo\u2019s ownership.\u201d<\/p>\n
3BMC continues to accelerate its focus on investing in innovation and disruptive technologies. This will be one of the largest acquisitions in BMC\u2019s history and the Company\u2019s third acquisition in less than two years. Macquarie Capital and Jefferies LLC acted as financial advisors to BMC and KKR, and Simpson Thacher & Bartlett LLP served as BMC counsel. Credit Suisse served as financial advisor to Compuware, and Kirkland and Ellis served as legal counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"
BMC, a KKR portfolio company and a global leader in IT solutions for the digital enterprise, has announced the signing of a definitive agreement to purchase Compuware, a Thoma Bravo company and a leading provider of mainframe application development, delivery, and support solutions. The transaction builds on BMC\u2019s track record of investing in growth and…<\/p>\n","protected":false},"author":151,"featured_media":22498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[3480,2],"tags":[2188,810],"yoast_head":"\n