Israeli Software Bought
BMC Software today announced it's agreed to buy diagnostic software maker Israeli Identify Software for $150 million.
"In the last three years, with the acquisitions and new development here, we now have some strong growth businesses in our company," said Bob Beauchamp, president and CEO of BMC.
Israeli company Identify /founded in 1996/, formerly known as Mutek Solutions, is the parent of the Appsight software family. The products monitor applications as they run, warning of problems and locating the source of the glitch.
Identify has operational headquarters in New York, but Beauchamp said he did not foresee any cuts in work force because of the acquisition.
Identify has 500 customers spanning multiple industries, with typical customers of midsize to large organizations. It logged $23 million in sales last year, an increase of 60 percent over 2004.
To compare BMC earned $75 million on sales of $1.46 billion in its last complete fiscal year.