BMC Software (NYSE: BMC) today announced that it has completed the acquisition of ITM Software.
BMC’s purchase of ITM Software creates a unique, integrated solution that provides customers with a single comprehensive view into project and service portfolios, financials, operations, resources, vendors, compliance and IT demand – all the applications that an IT organization needs to run itself as a true business unit.
The acquisition also strengthens BMC’s capabilities for IT business optimization, offering customers the ability to extract more value from traditional project management tools, asset data, service portfolios and IT budgets to drive decisions across the IT value chain, while ensuring good governance and continuous compliance.
“Companies’ reliance on technology has helped change the description of typical CIOs to business people first and technologists second. Business-savvy CIOs also place more demands on their organizations to provide them with business-focused information to influence or shape discussion and make better decisions,” wrote Dennis Gaughan, Research Director for AMR Research. “By providing visibility and control across [six critical management dimensions: strategy, demand, supply, people, money and risk], IT executives can make better decisions, provide a foundation for continuous improvement, and measure the value that IT delivers to the business.”1
With the increasing adoption of ITIL® V3, which focuses on maximizing IT value for the business and demands a service strategy approach, it is no longer sufficient for IT to run efficiently. It must run more effectively. The integrated BMC and ITM Software solutions address this challenge by enabling IT organizations to manage IT from the perspective of the business and with a comprehensive view and control over the business elements CIOs require.
“Organizations are demanding greater visibility and control of their most important assets including human capital, vendors, finances, services and projects,” said Jim Grant, senior vice president and general manager of BMC’s Enterprise Service Management organization. “By combining the approaches of BMC and ITM Software, customers will now have 100 percent visibility into IT spending and effectiveness versus the 20-25 percent view allowed by our competitors’ offerings.”
About BMC Software
BMC Software is a leading global provider of enterprise management solutions that empower companies to automate their IT and prove its business value. Delivering Business Service Management and Service Automation, BMC solutions span enterprise systems, applications, databases and service management. For the four fiscal quarters ended March 31, 2008, BMC revenue was approximately $1.73 billion. For more information, visit www.bmc.com.
About ITM Software
ITM Software provides CIOs and IT organizations with software products and services that advance the business management of Information Technology. The ITM Business Suite delivers the visibility and control required to make fact-based decisions regarding IT finance, vendors, people, assets, projects and compliance. Comprised of former CIOs and IT leaders, the ITM team provides best practice expertise in IT Business Management, enabling clients to drive down costs, better align IT with business objectives and deliver more business value. Founded in 2001, the company serves IT organizations within Fortune 2000 corporations, government agencies, and universities. ITM Software is privately held and is headquartered in Santa Clara, California. For more information, visit www.itm-software.com.
Public Relations Contacts:
Andrea Zack | Waggener Edstrom | Phone: +1 (512) 527-7013 | [email protected]
Mark Stouse | BMC Software | Phone: +1 (713) 918-2714 | [email protected]
1 AMR Research, “IT Management Landscape: Major IT Vendors Evolve Toward IT Resource Planning Suites,” D. Gaughan, April 2008.