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BMC Software Completes Acquisition of Calendra

Enhanced Web-Based Identity Management Solutions Soon Available From BMC Software

HOUSTON - (Jan. 25, 2005) - BMC Software, Inc., [NYSE: BMC], a leading provider of enterprise management solutions, today announced that it has completed the acquisition of privately held Calendra, the leading provider of Web-based business-oriented identity management solutions. BMC Software® acquired 100 percent of Calendra shares for approximately $33 million in cash.

Calendra, a privately-held company headquartered in Paris, France, develops customizable state-of-the-art business process centric workflow and directory management solutions that provide customers improved communications, increased productivity, and a maximized return on investment for identity management solutions. Calendra's products acquired as a result of the acquisition will be available via BMC Software.

The acquisition strengthens BMC Software's identity management offerings, enabling the company to deliver an integrated suite of identity management solutions that include enterprise directories (white pages and yellow pages), workflow, PBX management, and active directory management. The combination of BMC Software's industry-leading provisioning solution, CONTROL-SA ®, with Calendra's state-of-the-art business process centric workflow and directory management capabilities, eliminates integration issues typically faced by customers purchasing individual components from multiple vendors. Additionally, the identity services architecture of the combined solution allows customers to easily enhance and customize capabilities to reflect their business processes through a Java-based rapid application development tool optimized for the creation of identity management applications over an IT infrastructure. The acquisition also strengthens BMC Software's Business Service Management (BSM) offerings, which enable customers to manage IT from a business perspective.

About Business Service Management
Business Service Management is BMC Software's approach for enabling companies to manage IT and services from a business perspective. BSM enables companies to understand and predict the impact of technology changes on the business, and conversely, how changes in the business impact IT, resulting in improved customer service and business performance. For additional information on BSM, visit www.bmc.com.

Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties concerning BMC Software's acquisition of Calendra, BMC Software's expected financial performance (including without limitation as described in the quotations from management in this press release), as well as BMC Software's strategic and operational plans. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. Potential risks and uncertainties regarding the acquisition include, among others, the reaction of customers of BMC Software and Calendra to the transaction and BMC Software's ability to successfully integrate Calendra's operations and employees. More information about potential factors that could affect BMC Software's business and financial results is included in BMC Software's Annual Report on Form 10-K for the fiscal year ended March 31, 2004 which is on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at www.sec.gov.

Investor Relations Contacts:
Neil Yekell
BMC Software
713-918-4233
neil_yekell@bmc.com

 


About BMC Software
BMC Software, Inc. [NYSE:BMC], is a leading provider of enterprise management solutions that empower companies to manage their IT infrastructure from a business perspective. Delivering Business Service Management, BMC Software solutions span enterprise systems, applications, databases and service management. Founded in 1980, BMC Software has offices worldwide and fiscal 2004 revenues of more than $1.4 billion. For more information about BMC Software, visit www.bmc.com.

Public Relations Contacts:

Jessica Walker
BMC Software
Phone: 713-918-4482
jessica_walker@bmc.com

© 2005 BMC Software, Inc. All Rights Reserved. BMC Software, the BMC Software logos and all other BMC Software product or service names are registered trademarks or trademarks of BMC Software, Inc. All other trademarks or registered trademarks belong to their respective companies.

Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties concerning BMC Software's acquisition of Calendra, BMC Software's expected financial performance (including without limitation as described in the quotations from management in this press release), as well as BMC Software's strategic and operational plans. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. Potential risks and uncertainties regarding the acquisition include, among others, the reaction of customers of BMC Software and Calendra to the transaction and BMC Software's ability to successfully integrate Calendra's operations and employees. More information about potential factors that could affect BMC Software's business and financial results is included in BMC Software's Annual Report on Form 10-K for the fiscal year ended March 31, 2004 which is on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at www.sec.gov.