BMC has agreed to sell itself to a private investment consortium headed up by Bain Capital and Golden Gate Capital in a deal worth approximately US$6.9 billion.
The acquisition, which had been rumored for some time, was announced on Monday and is expected to close this year. However, under its terms BMC can invite superior offers from third parties for 30 days.
BMC sells a wide range of IT infrastructure management software, and is one of the so-called "Big Four" vendors in that sector along with IBM, Hewlett-Packard and CA Technologies.
(More to follow).
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is [email protected]