Tideway Systems Has Been Acquired by BMC Software
About Tideway Systems
- Tideway Systems, a privately-held company based in London, was a leading provider of data center discovery solutions used by enterprises around the globe to cut hardware, software, people and power costs in their data center
- The company’s flagship product, Tideway Foundation, allowed enterprises to discover and map application relationships to physical and virtual infrastructure, providing visibility into the critical dependencies between them
- Foundation was used in the largest, most complex data centers in the world, including those of BHP-Billiton, Credit Suisse, Dow Jones, DuPont, JPMorgan Chase, Merck and Wachovia
- Tideway was founded in 2002 and had 75 employees and was backed by Apax Partners and Scottish Equity Partners
About BMC Software
- BMC Software (NASDAQ: BMC) is a leading provider of business service management software for the enterprise
- BMC aims to manage the complete lifecycle of business services, from service definition and business prioritization through service request and support; provisioning and configuration; monitoring and operations; and planning and governance
- The company is headquartered in Houston, Texas, and had over 6,000 employees at the time of the acquisition
Transaction Notes
- The acquisition of Tideway Systems by BMC Sofware was announced on October 19, 2009; financial terms were not disclosed
- The acquisition will enhance BMC’s Business Service Management platform and help organizations minimize the risks associated with business-critical initiatives such as data center consolidation, virtualization and compliance
- Tideway’s Foundation product will be tightly integrated with BMC’s Atrium CMDB, providing Atrium with a clear understanding of infrastructure components, application dependencies and service relationships
- The addition of Tideway technology allows BMC to offer the largest open library of predefined IT configuration discovery platforms
- Shea & Company served as the exclusive financial advisor to Tideway Systems in the company’s sale to BMC Software