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BMC Plots Run of Cloud Acquisitions to Beat ‘Shiny’ ServiceNow

  • KKR agreed to buy enterprise software provider in May
  • Company seeks startups in areas from IT management to security
Updated on

BMC Software Inc. will revamp itself into a cloud competitor by aggressively seeking acquisitions in a bid to better rival ServiceNow Inc., the first sign of the company’s direction under private equity firm KKR & Co.

Houston-based BMC will pursue cloud software makers in a few key areas, said Bill Berutti, president of cloud and enterprise. KKR’s deep pockets will ease the effort, he said. KKR agreed to buy BMC for $8.3 billion including debt from an investor group led by Bain Capital, Bloomberg News reported last week. The group had taken the software provider private in 2013.