BMC to buy BladeLogic for £398m
Published: 17 Mar 2008 15:41 GMT
Systems-management company BMC Software on Monday said it intends to buy BladeLogic for $28 per share, or about $800m (£398m) net of cash acquired.
BladeLogic, which went public last year under the ticker Blog, makes tools for automating jobs in datacentres, such as configuring servers and provisioning storage appliances.
BMC said the software will be added to its existing product portfolio and bring it a "significant, high-growth revenue stream".
The acquisition comes at the tail end of a wave of consolidation in the data centre-software field that began earlier this decade.
With the growing complexity of data centres for running public websites or corporations, IT professionals need productivity tools to manage their operations.
Last July, HP said it would spend $1.6bn to buy datacentre-automation firm Opsware, a company founded by Marc Andreesen. Several other smaller companies with niche tools have been bought by other hardware providers, including IBM, Sun and EMC.
Credit: BMC to buy BladeLogic for $800 million from CNET News.com
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