Subscribe free to our newsletters via your
. Nuclear Energy News .




TECH SPACE
Dell buys cloud software firm Enstratius
by Staff Writers
New York (AFP) May 6, 2013


Cloud software firm BMC sold for $6.9 bn
New York (AFP) May 6, 2013 - A consortium of private equity groups announced a deal Monday to acquire enterprise software group BMC Software for $6.9 billion in cash.

The group led by Bain Capital, Golden Gate Capital, GIC and Insight Venture Partners will pay $46.25 a share for the firm specializing in business and cloud management software.

"After a thorough review of strategic alternatives, the BMC board of directors is pleased to reach this agreement, which provides shareholders with immediate and substantial cash value, as well as a premium to our unaffected share price," said Bob Beauchamp, BMC chairman and chief executive.

"BMC believes the opportunity to become a private company will provide additional flexibility and position us to invest more strategically to drive powerful innovation and deliver cutting edge customer solutions."

The deal culminates an effort by Elliott Management Corporation, which owns 9.6 percent of BMC, to press for moves to boost value for shareholders.

"As large and engaged stockholders, we are pleased to have played a constructive role in catalyzing this strategic move," said Jesse Cohn, a portfolio manager at Elliott. "We think this is a tremendous outcome for BMC's employees, customers and stockholders."

The agreement contains a provision that allows BMC to see alternative proposals over the next 30 days before a deal is finalized.

Dell said Monday it had acquired cloud software firm Enstratius as part of the computer maker's efforts to diversify and reduce its dependence on the slow-growing PC segment.

Terms of the deal were not disclosed.

The announcement comes with Dell seeking to go private in a buyout plan led by company founder Michael Dell. The Dell board is also considering an alternative plan led by corporate raider Carl Icahn.

Dell said in a statement that the acquisition of Enstratius "further enhances Dell's end-to-end solutions strategy, bringing key capabilities to deliver cloud-management solutions to our customers."

Enstratius helps companies manage more than 20 public and private cloud platforms, including OpenStack, VMware, Rackspace, Amazon Web Services and Windows Azure, according to the statement.

"As enterprises increase their use of public, private and hybrid clouds, the need for controls, security, governance and automation becomes more critical," said Tom Kendra, vice president and general manager for systems management at Dell Software.

"Dell, together with Enstratius, is uniquely positioned to deliver differentiated, complete cloud-management solutions to enterprise customers, large and small, empowering them with the efficiency and flexibility in the allocation and use of resources."

The Dell board is still reviewing the buyout plan to take the firm private in a $24.4 billion deal.

Icahn would inject an additional $5 billion into Dell, paying $15 per share for up to 58 percent of Dell shares.

Another offer from the Blackstone Group was withdrawn last month.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TECH SPACE
Older Is Wiser: Study Shows Software Developers' Skills Improve Over Tim
Raleigh NC (SPX) May 02, 2013
There is a perception in some tech circles that older programmers aren't able to keep pace with rapidly changing technology, and that they are discriminated against in the software field. But a new study from North Carolina State University indicates that the knowledge and skills of programmers actually improve over time - and that older programmers know as much (or more) than their younger peer ... read more


TECH SPACE
Recipe for Low-Cost, Biomass-Derived Catalyst for Hydrogen Production

China conducts its first successful bio-fueled airline flight

Bugs produce diesel on demand

New input system for biogas systems

TECH SPACE
Microwave oven cooks up solar cell material

Unirac Helps Power up Volkswagen's Largest Solar-Energy Complex

PV Inverter Supplier Base Fragments in 2012

Dominion Virginia Power Selects Old Dominion University For First Rooftop Solar Power Installation

TECH SPACE
Scotland approves 640-foot prototype offshore wind turbine

Wind Power: TUV Rheinland Certifies HybridDrive from Winergy

Wales wind power line to go underground near historic village

UK Ministry of Defense Deems Wind Towers a National Security Threat

TECH SPACE
British lawmakers: Lack of clear policy hindering energy investment

EU lawmakers to vote on reform of 'polluter pays'

Researchers estimate a cost for universal access to energy

Environmental Labels May Discourage Conservatives from Buying Energy-Efficient Products

TECH SPACE
China sends large fleet to disputed islands: media

BP sheds oil field stake in Brazil

The Demand to Grid Lab

Improving materials that convert heat to electricity and vice-versa

TECH SPACE
NASA's Spitzer Puts Planets in a Petri Dish

Two New Exoplanets Detected with Kepler, SOPHIE and HARPS-N

Astronomer studies far-off worlds through 'characterization by proxy'

Mysterious Hot Spots Observed In A Cool Red Supergiant

TECH SPACE
Canadian submarine woes far from over

India receives retrofited sub INS Sindhurakshak

Norway receives final patrol boat

Pakistan commissions last Zulfiquar frigate

TECH SPACE
Every dollar must go to bridge gaps to Mars: NASA

Dream of Mars exploration achievable, experts say

Landslides and lava flows at Olympus Mons on Mars

NASA Invites Public to Send Names And Messages to Mars




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement