BMC Software, Inc. ("BMC" or the "Company") today announced the
successful completion of its acquisition by a private investor
group led by Bain Capital and Golden Gate Capital together with
Insight Venture Partners, GIC Special Investments Pte Ltd ("GIC"),
and Elliott Management Corporation (collectively, the "Investor
Group").
"This is an exciting day for BMC Software, including our
employees, our partners and our new owners," said 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,"
Ian Loring, managing director at Bain Capital, said. "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.
BMC Software. IT innovation drives business
transformation.
For more than 30 years, BMC has helped thousands of companies
around the world master IT complexity. From mainframe to
mobile, from the back room to the boardroom, BMC delivers the
automation, integration, and sophistication that enable the
business and IT to perform like never before. To learn
more, visit bmc.com.
About Bain Capital, LLC
Bain Capital, LLC is a global private investment firm that
manages several pools of capital including private equity, venture
capital, public equity, credit products and absolute return with
approximately $70 billion in assets under management. Bain Capital
has a team of over 300 professionals dedicated to investing and to
supporting its portfolio companies. Since its inception in 1984,
Bain Capital has made private equity, growth, and venture capital
investments in over 450 companies around the world, including such
leading technology and software companies as SunGard Data Systems,
NXP, LinkedIn, SolarWinds, SurveyMonkey, SevOne, DynaTrace
Software, WorldPay, Skillsoft, MYOB, Applied Systems, Archer
Technologies and Cerved Group SpA. The firm has offices in Boston,
New York, Chicago, Palo Alto, London, Munich, Tokyo, Shanghai, Hong
Kong and Mumbai. www.baincapital.com
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity
investment firm with more than $12 billion of capital under
management. Golden Gate Capital partners with world-class
management teams to invest in change-intensive, growth businesses
where there is a demonstrable opportunity to significantly enhance
a company's value. The principals of Golden Gate Capital have a
long and successful history of investing with management partners
across a wide range of industries and transaction types, including
going-privates, corporate divestitures, and recapitalizations, as
well as debt and public equity investments. Golden Gate Capital is
one of the most active investors in the software and IT sectors.
Other notable software investments sponsored by Golden Gate Capital
include Infor, Lawson, Attachmate, Novell, Ex Libris, Micro Focus
and Aspect. www.goldengatecap.com
About GIC
GIC is among the world's largest fund management
companies. It was established in 1981 to manage Singapore's
foreign reserves. GIC strives to achieve good long-term returns on
assets under its management, so as to preserve and enhance
Singapore's reserves. Since its inception, GIC has grown from
managing a few billion dollars to well above US$100 billion
today. GIC's investment framework capitalises on its
strengths which include the ability to take a long-term investment
perspective, a global presence, capabilities to invest in
cross-asset opportunities, and a skilled and experienced team. It
has investments across 40 countries and in assets such as equities,
fixed income, real estate and private equity. GIC is
headquartered in Singapore with a network of offices in nine cities
worldwide. www.gic.com.sg/
About Insight Venture Partners
Insight Venture Partners is a leading venture capital and
private equity firm investing in eCommerce, Internet, on-premise
and SaaS-based software and data-services companies. Founded in
1995, Insight has raised more than $6 billion and made more than
190 investments. Our mission is to find, fund and work successfully
with visionary executives who are driving change in their
industries. www.insightpartners.com
About Elliott Associates
Elliott Associates, L.P. and its sister fund, Elliott
International, L.P. have more than $22 billion of capital under
management. Founded in 1977, Elliott is one of the oldest hedge
funds under continuous management. The Elliott funds' investors
include large institutions, high-net-worth individuals and
families, and employees of the firm.
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks and uncertainties. Such statements constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date hereof and are based on current expectations and
involve a number of assumptions, risks and uncertainties that could
cause the actual results to differ materially from such
forward-looking statements.
In addition, the forward-looking statements represent the
Company's views as of the date on which such statements were
made. The Company anticipates that subsequent events and
developments may cause its views to change. However, although
the Company may elect to update these forward-looking statements at
some point in the future, it specifically disclaims any obligation
to do so. These forward-looking statements should not be
relied upon as representing the Company's views as of any date
subsequent to the date hereof. Additional factors that may
affect the business or financial results of the Company are
described in the risk factors included in the Company's filings
with the SEC, including the Company's 2013 Annual Report on Form
10-K and later filed quarterly reports on Form 10-Q and Current
Reports on Form 8-K, which factors are incorporated herein by
reference. The Company expressly disclaims a duty to provide
updates to forward-looking statements, whether as a result of new
information, future events or other occurrences.
Videos accompanying this release are available at
http://www.globenewswire.com/newsroom/prs/?pkgid=20875
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CONTACT: BMC Software:
Mark Stouse, 281-468-1608
Global Communications
mark_stouse@bmc.com
Derrick Vializ, 713-918-1805
Investor Relations
derrick_vializ@bmc.com
or
Joele Frank, Wilkinson Brimmer Katcher
Andy Brimmer / Nicholas Lamplough
212-355-4449
abrimmer@joelefrank.com
nlamplough@joelefrank.com
or
For Bain Capital:
Stanton Public Relations & Marketing
Alex Stanton/Charlyn Lusk
212-780-0701
AStanton@stantonprm.com
CLusk@stantonprm.com
or
For Golden Gate Capital:
Sard Verbinnen & Co
Paul Kranhold/Jenny Gore, 415-618-8750
Nathaniel Garnick, 212-687-8080
or
For GIC:
Ms. Mah Lay Choon
Senior Vice President, Corporate Affairs
& Communications
Tel: (65) 6889 6841
H/P: (65) 9838 9425
mahlaychoon@gic.com.sg
or
For Insight Venture Management, LLC:
GF Bunting PR
David Satterfield, 408-802-6767
or
For Elliott Associates:
http://www.elliottmgmt.com/Media
212-974-6000
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