CEO of KKR-Backed BMC Plots Road Ahead With Change as Certainty
BMC Software building. Source: BMC Software
Happy Friday! It’s Jennah Haque and Liana Baker in New York. In today’s newsletter, we have a Q&A with the CEO of BMC Software. Elsewhere, early Figma investors will cash out on the Adobe acquisition. And Corebridge falls in its debut.
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BMC Software’s CEO Ayman Sayed immigrated from Egypt more than 30 years ago and never looked back, moving to Ontario and then to California for roles at tech companies. Sayed spent over 16 years at Cisco before heading to CA Technologies. CA rival BMC came calling on him in 2019 for his first-ever CEO gig. BMC is well known to tech dealmakers after being taken private by Bain and Golden Gate in 2013. KKR bought the company in a 2018 deal valued at $8.2 billion, including debt. BMC offers a suite of cloud and automation services across industries such as banking, oil and gas, insurance, pharmaceutical, media and more. Here’s what could be next for the private company.— Jennah Haque and Liana Baker