BMC to Buy BladeLogic

HOUSTON -- BMC Software (NYSE: BMC) has signed a definitive agreement to purchase BladeLogic (NSDQ: BLOG), the leading and fastest growing data center automation company, for $28.00 per outstanding share of BladeLogic common stock in cash or approximately $800 million, net of cash acquired.

When completed, the BladeLogic acquisition will add a significant, high-growth revenue stream to BMC, accelerating the companys long- term growth expectations for revenues, earnings, and cash flow.

“Organizations around the world will spend more than $140 billion dollars this year running data centers,” said Bob Beauchamp, BMC’s president and chief executive officer. “Automation is the only way IT can bring this spending under control and still meet the reliability and time-to-market requirements of their businesses. BMC’s acquisition of BladeLogic will create the new IT Service Automation leader, unique in its ability to provide these critical capabilities. It is a natural and very significant next step in our vision of Business Service Management.”

BMC Software Inc.