BMC, a KKR owned company, announced on Tuesday the signing of a definitive agreement to purchase Compuware, with the transaction expected to be completed in the coming months subject to customary closing conditions.
Financial terms of the deal have not been disclosed.
BMC says the strategic combination of BMC and Compuware will build upon the success of BMC Automated Mainframe Intelligence (AMI) and the Topaz suite, ISPW technology, and “classic product portfolios from Compuware to further modernise the mainframe industry”.
“The combined company will help customers better manage their mainframe operations, cybersecurity, application development, data, and storage as part of their enterprise DevOps strategies, as well as provide seamless integration of the mainframe platform development and management processes into the enterprise technology stack,” BMC said in a statement.
“BMC continues to be focused on evolving and investing in our portfolio to address and even anticipate the needs of our customers, helping them to succeed today and into tomorrow,” said Ayman Sayed, President and CEO of BMC.
“It’s the ideal time to bring Compuware into our portfolio as the traditional mainframe AppDev market transitions to DevOps. We’re excited to welcome the Compuware team as we build best-of-breed modern mainframe solutions.”
Chris O’Malley, CEO of Compuware said: “Compuware is the proven and trusted partner in mainstreaming the mainframe for Agile and DevOps, and we are thrilled to now be joining forces with BMC in reinventing the future of the platform”.
“Both companies have been leaders in mainframe innovation over the last five years and we look forward to combining our complementary solution strengths and common passion for accelerating our customers’ successful digital transformations. Without a doubt, a combined BMC and Compuware is the best, brightest, and most collaborative partner for a new generation of mainframe stewards.”
“The acquisition of Compuware brings together two highly complementary, best-in-class technology offerings,” said John Park, KKR Partner. “We believe the combination of these two companies will create a leading, end-to-end platform focused on driving innovation for our mainframe customers worldwide.”
“We are proud to have partnered with Compuware over the past five-and-a-half years during which time the company has become a leading innovator in the mainframe software market,” said Seth Boro, managing partner at Thoma Bravo.
“Compuware’s transformation during this time has been remarkable and is a testament to the vision and leadership of Chris O’Malley and the company’s management team. We would like to thank all of Compuware’s employees for their dedication, effort and partnership over the course of Thoma Bravo’s ownership.”