By Sylvia Carr, 30 April 2004 12:00
NEWS Enterprise software maker BMC Software has announced plans to acquire Marimba in an all-cash deal.
BMC will pay $8.25 per share, or a total of approximately $240m, for the software company.
Marimba develops products for managing software migration and configuration that are used by companies in a variety of industries.
The company will be integrated into BMC's Remedy business unit, which creates software for automating and managing businesses' service and support tasks.
BMC says it's hoping Marimba will strengthen its offering for simplifying firms' IT operations.
Along with the acquisition news, BMC reported a lower-than-expected profit of 18 cents a share, compared to predictions of 21 to 25 cents a share, for its fiscal fourth quarter. Marimba reported a net loss of $1.2m, or 5 cents a share, for the first quarter of 2004.
The deal represents BMC's third acquisition in four months, following the purchase in February of Network Associates' Magic Solutions Assets, which was also integrated into Remedy, and ASA Knowledge in January.
Comments
There is 1 comment. Join the discussion
1. anonymous
TALK ABOUT A BAD DEAL!
Bad move on BMC's part.