View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 22, 1997updated 05 Sep 2016 12:39pm

BMC BUYS STORAGE BACKUP FIRM DATATOOLS AT LONG LAST

By CBR Staff Writer

Systems management specialist BMC Software Inc has finally exercised an option, taken out in March 95, to purchase 100% of DataTools Inc a private company based in Sunnyvale California, which develops backup and recovery systems. The purchase was made for $60m in cash: BMC is currently capitalised at around $5bn on the New York Stock Exchange. The acquisition will add further products to BMC’s open systems-based products: it already offers more than 30 different database backup and recovery systems. DataTools has used BMC as its sole distributor for backup and recovery products since the option to buy the company was taken out. The strategy has been to wait and see how the partnership developed before committing to a full scale integration. The option to buy was not due to expire until March 1998 but DataTools, which turned over $20m last year, has been growing fast enough to make an early purchase worth while. Post merger, the DataTools brand name will be maintained but with the addition of ‘BMC Software’ to the label.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU