BMC Software Completes Acquisition of BGS Systems.HOUSTON--(BUSINESS WIRE)--March 27, 1998--BMC Software, Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :BMCS BMCS Bristol Muslim Cultural Society (UK) BMCS Senior Chief Boatswain's Mate (Naval Rating) BMCS Blue Mountains Conservation Society (Wentworth Falls, NSW, Australia) ), a leading developer and vendor of computer software solutions that improve the availability, performance and recoverability of business-critical applications and data, announced today it has completed the acquisition of BGS BGS British Geological Survey BGS Below Ground Surface (depth below the ground surface) BGS Bundesgrenzschutz (German: Federal Border Guard) BGS Bachelor of General Studies (degree) Systems, Inc. of Waltham, MA. The strategic acquisition results in the industry's first Application Service Assurance products, those that accurately measure, manage and improve an application's performance. The BGS industry leading BEST/1(R) performance analysis and prediction technology will be integrated with BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. Software's suite of PATROL(R) management products, the industry leader in event automation. "The completion of the BGS acquisition is an historic day for BMC," said Max Watson, chairman, president and chief executive officer of BMC Software BMC Software, Inc. NYSE: BMC, is an American enterprise management software provider, focusing on IT infrastructure applications. BMC was founded in 1980 and is headquartered in Houston, Texas. . "We are very pleased with the smooth integration to date of the two companies' products and cultures. The BMC/BGS partnership is a win-win-win situation for everyone -- our investors, our customers and our employees." BMC Software exchanged approximately 3.6 million shares of common stock for all outstanding shares of BGS Systems. The transaction is valued at approximately $285 million. The transaction will be accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . As a result, the company's board of directors has terminated its stock buy-back program. BMC Software, Inc. (NASD:BMCS) is a worldwide developer and vendor of more than 160 software solutions that improve the availability, performance and recoverability of business-critical applications and data. BMC Software is the world's 12th largest independent software vendor and a Forbes 500 company with calendar 1997 revenues exceeding $675 million. The company is headquartered in Houston, Texas with offices, distributors and agents in 50 markets worldwide. For more information on BMC Software, access the World Wide Web at www.bmc.com or call 800/841-2031 or 713/918-8800. -0- Note to Editors: BMC Software, the BMC Software logo and all other product or service names are registered trademarks or trademarks of BMC Software, Inc. in the USA and in other select countries. (R) and (TM) indicate USA registration or USA trademark. Other logos and product/trade names mentioned are registered trademarks or trademarks of their respective companies. BMC Software is an Equal Opportunity Employer equal opportunity employer An employer or enterprise that does not discriminate against a job candidate, or subject him/her to adverse exclusionary criteria, based on race, sex, religion, or national origin. See Equal employment opportunity. . CONTACT: BMC Software Dan D'Armond, 713/918-2372 (media relations) dan_darmond@bmc.com John Cox, 713/918-4291 (investor relations Investor relations The process by which the corporation communicates with its investors. ) john_cox@bmc.com or Blanc & Otus Dave Kitchen, 617/225-9990 dkitchen@bando.com |
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