Monday, March 17, 2008

BMC Software to Acquire BladeLogic for $800M

Houston-based BMC Software, a publisher of enterprise-management applications, announced Monday that it has agreed to pay $800 million for BladeLogic, a Massachusetts-based developer of data center automation software. According to BMC, it will pay $28 cash per outstanding share of BladeLogic common stock. The deal is subject to customary closing conditions, including regulatory approval. Bob Beauchamp, BMC's president and chief executive officer, described the transaction as a "natural and very significant step" toward the company's Business Service Management vision.