BMC Buys ITM Software

BMC Software (NYSE: BMC) has acquired ITM Software, a Santa Clara, Calif.-based provider of IT business management solutions. No financial terms were disclosed. ITM has raised nearly $35 million in VC funding from firms like Red Rock Ventures, InnoCal Venture Capital, Ascend Venture Group, Technology Partners, RBC Technology Ventures and Square 1 Bank.

 

PRESS RELEASE

 

BMC Software (NYSE: BMC) today announced that it has completed the acquisition of ITM Software.

 

BMC's purchase of ITM Software creates a unique, integrated solution that provides customers with a single comprehensive view into project and service portfolios, financials, operations, resources, vendors, compliance and IT demand