*UKHotViewsExtra* BMC: Running and reinventing for its customers – and itself

As one of a group of long established suppliers in the IT Operations area, software provider BMC has struggled to modernise its own business to keep pace with the many changes in the broader tech environment, specifically the move to cloud.

With close to flat growth (0.78% CAGR, 2010-2013, taking revenue to $1.97bn in 2013), the company was acquired by investors led by Bain Capital and Golden Gate Capital in 2013 for $6.9bn and just last month (October 2018) transferred into the hands to KKR for a rumoured $8.3bn. Altered ownership indicates change is afoot and the recent BMC Exchange conference in London provided clues as to how it revitalising itself as a competitor with cloud and digtial transformation credentials. 

BMC has a lot to prove and strong competition, especailly with ServiceNow bringing a modern take and service managment stack to the market, but it is gearing up. BMC's portfolio – and most of its revenue – is attached to legacy products and technologies. Shifting the balance towards digital enablers, at pace, is the challenge. Conversations at the BMC Exchange event certainly provided food for thought. TechMarketView subscribers, including those who take the UKHotViews Premium service, can see what we think by downloading "BMC: Running and reinventing for its customers - and itself".

Posted by Angela Eager at '08:07' - Tagged: cloud   software   automation   machinelearning