Quick Take
KKR (KKR) has announced an agreement to acquire BMC Software for an undisclosed amount.
BMC Software is a leader in software solutions for the digital enterprise.
KKR is acquiring BMC to capitalize on its rejuvenated solution set and improve its go-to-market capabilities. It will need to reignite growth, perhaps through further M&A, to present a more valuable firm to public markets in the future.
Target Company
Houston, Texas-based BMC was founded in 1980 to provide companies power to manage their business services and applications across distributed, mainframe, virtual and cloud environments