Deals
KKR-Owned BMC to Separate Into Two Private Software Companies
- Tech provider to become standalone firms BMC and BMC Helix
- BMC had pursued IPO at a valuation of up to $15 billion
The BMC Software Inc. headquarters in Houston, Texas.
Photographer: Mark Felix/BloombergThis article is for subscribers only.
BMC Software, a KKR & Co.-owned technology provider for businesses, is breaking up into two standalone companies.
One of them will keep the name BMC and house a unit for big mainframe computers used by businesses, as well as software automation, according to a statement on Wednesday that confirmed an earlier Bloomberg News report.