The process was completed in September 2013 and the company is no longer publicly traded. In May 2013, BMC announced that it was being acquired by a group of major private equity investment groups for $6.9 billion. BMC stock was originally traded on the Nasdaq under the symbol BMCS and on the New York Stock Exchange with symbol BMC.Īcquisition and privatization by private equity firms The first day of trading was August 12, 1988. In July 1988, BMC was re-incorporated in Delaware and went public with an initial public offering for BMC stock. In 1987, Moores was succeeded by Richard A. The firm primarily wrote software for IBM mainframe computers, the industry standard at the time, but since the mid-1990s has been developing software to monitor, manage and automate both distributed and mainframe systems. Moores served as the company's first CEO. The company was founded in Houston, Texas, by former Shell employees Scott Boulette, John Moores, and Dan Cloer, whose surname initials were adopted as the company name BMC Software. 1.1 Acquisition and privatization by private equity firms.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
June 2023
Categories |