BMC Acquires BladeLogic For Data Center Automation (BMC, BLOG)

Apps & Software

Published: March 17, 2008 7:12 am

BMC Software (NYSE:BMC) has announced that it will acquire BladeLogic (NASDAQ:BLOG) for $28.00 per share of BladeLogic common stock. The data center automation company acquisition is valued at $800 million, net of cash acquired. According to BMC, BladeLogic will add a significant, high-growth revenue stream to BMC, accelerating the company’s long- term growth expectations for revenues, earnings, and cash flow.

As far as what BMC is getting, here is part of it. BladeLogic has a large installed base of Fortune Global 500 customers:

21 of the top 100 global companies,
3 of the top 10 aerospace & defense companies,
7 of the top 25 commercial and savings banks,
3 of the top 5 securities companies,
2 of the top 3 entertainment companies,
2 of the top 3 general merchandisers,
7 of the top 12 pharmaceutical companies,
and 7 of the top 10 telecommunications companies.

BladeLogic shares were actually up more than 50% from 2008-lows before this deal was announced. BladeLogic closed at $23.61 on Friday, and its 52-week trading range is $14.51 to $31.71. BMC Software’s market cap before any initial dilution from this merger was listed as just under $6.5 Billion.

Jon C. Ogg
March 17, 2008

Get Ready To Retire ^(Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future