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BMC Software Broadens Management Capabilities with Acquisition of IT Masters Service Modeling Solutions Enable Companies To View Impact of Their IT Organizations
HOUSTON - (March 25, 2003) - BMC Software, Inc., [NYSE: BMC], a leader in enterprise management, today announced that it has acquired IT Masters International S.A., an enterprise management solutions company, for approximately $42 million. The acquisition further strengthens BMC Software's market leading Service Level Management solutions by adding adaptive service management capabilities to BMC Software's leading enterprise-wide offerings. The acquisition adds approximately 75 IT Masters employees to BMC Software.
IT Masters is a privately-held company with software development offices in Belgium and Austin, Texas. The company develops service management technology that allows customers to model and visualize IT infrastructure components correlated with the ultimate services being delivered. With this technology, IT organizations can prioritize their work according to their company's critical business needs. Specifically, customers can prioritize problem responses in a real-time, business-relevant manner by directly linking service delivery and support with IT infrastructure and application elements. The acquisition of IT Masters enhances BMC Software's ability to provide best-in-class tools with an integrated service management approach. BMC Software's comprehensive enterprise management solutions combined with IT Masters' service modeling capabilities will enable customers to manage their business with a truly integrated service management approach. IT Masters' flagship product is MasterCellTM, an adaptive service management solution. The MasterCell technology will be a key element of BMC Software's service management strategy, providing the base platform for service impact management, real-time service modeling, root-cause analysis and service level agreement management. MasterCell is already integrated with BMC Software's PATROL® for distributed systems. BMC Software's leading systems management solutions MAINVIEW®, for mainframe systems, and INCONTROL®, for batch scheduling and output management, as well as the Remedy IT Service Management products will be tightly integrated with the MasterCell technology in the future to extract key data from the enterprise. The information will be used to enhance MasterCell's adaptive service management capabilities so that the impact of all IT objects on real-time service delivery is easily understood by IT and business professionals. In addition to MasterCell, IT Masters also delivers MasterAR SuiteTM, a suite of productivity tools that are integrated into the Remedy Action Request System®, (AR System®). AR System, an application platform and comprehensive development environment, was obtained by BMC Software as part of its acquisition of Remedy in November 2002. "The acquisition of IT Masters and its leading service management solutions gives BMC a significant advantage in the industry and strengthens our ability to help our customers understand more fully how the performance and availability of IT technology impacts specific business services," said Mary Nugent, vice president and general manager, Service Management Solutions, BMC Software. "Knowing there is constant pressure on IT and business managers to reduce costs and target improvement efforts to areas that are critical to the business, companies need solutions that will help them understand where to focus. IT Masters' technology allows modeling of the relationships between elements of the business service so that service can be managed dynamically. This makes the customer's service management infrastructure more adaptable so that their business can change faster." "We believe that this is the best strategic move for IT Masters and that the combination of both companies' strengths will greatly benefit our customers and the marketplace," said Philippe Moitroux, IT Masters President and CEO. "BMC Software's powerful enterprise-wide solutions coupled with our leading model-based approach, which can capture change information and discover changes in the environment, will not only allow customers to take control of their technology but more importantly allow them to move ahead and provide proactive service management." About IT Masters About BMC Software This news release contains both historical information and forward-looking information. Statements of plans, objectives, strategies and expectations for future operations and results and benefits of the transaction described herein, identified by words such as "believe," "anticipate" and "expect" are forward-looking statements. Forward-looking statements are subject to a number of factors that could cause actual results to differ materially from our expectations. In addition to other possible factors not listed, factors that could cause the actual results and benefits of the IT Masters acquisition to differ materially from those expressed in forward-looking statements include inability to successfully transition the operations of IT Masters; difficulty in integrating the IT Masters technology with BMC Software products; higher than expected integration costs; and other factors, including but not limited to those discussed in BMC Software's Securities and Exchange Commission filings, including but not limited to the Form 10-K for the fiscal year ended March 31, 2002 and other filings with the SEC. BMC Software undertakes no obligation to update information contained in this release.
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