BMC, a KKR portfolio company and a provider of IT solutions for the digital enterprise, has announced the signing of a definitive agreement to purchase Compuware, a Thoma Bravo company and provider of mainframe application development, delivery, and support solutions.
“BMC 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,” said Ayman Sayed, President and CEO of BMC. “It’s the ideal time to bring Compuware into our portfolio as the traditional mainframe AppDev market transitions to DevOps. We’re excited to welcome the Compuware team as we build best-of-breed modern mainframe solutions.”
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.
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.
The transaction builds on BMC’s 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.
“Compuware 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,” said Chris O’Malley, CEO of Compuware. “Without a doubt, a combined BMC and Compuware is the best, brightest, and most collaborative partner for a new generation of mainframe stewards.”
BMC continues to accelerate its focus on investing in innovation and disruptive technologies. This will be one of the largest acquisitions in BMC’s history and the Company’s 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.
To learn more about this news, visit www.bmc.com.