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March 27, 2006
BMC Buys Venture-backed Identify for $150M
BMC Software Inc has agreed to buy Israel's Identify Software Ltd., for about $150 million, reported Reuters today, explaining that the acquisition of Tel Aviv-based Identify, which has about 500 customers, would further extend BMC's presence in transaction management.
Some details on Identify and its backers were provided by Ynet News.
Identify, which develops systems for monitoring and resolving problems in software applications, raised about USD 63 million during its 10 years of existence. The major stock owners of the firm are venture capital funds Star and Evergreen.
Other investors according to the firms website include UBS, Intel Capital, Earlybird Ventures, and other local funds.
Read Software giant BMC buys Israeli start-up (Ynetnews)
Read - BMC acquisition (Reuters)
Posted on March 27, 2006 04:31 PM | Posted to Business software | Venture Capital | Permalink
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