BMC Going Private In $6.9 Billion Deal 49
itwbennett writes "In a much-anticipated move, IT infrastructure management software vendor BMC has agreed to be acquired for $6.9 billion by a private investment consortium headed up by Bain Capital and Golden Gate Capital. The deal is expected to close this year."
Goodbye BMC! (Score:3, Interesting)
I was on the receiving end of a Golden Gate Capital acquisition, management was gutted and everything that made our company a success for over 40 years was thrown to the wind.
Those of us that were left had to pick up the slack with inexperienced management and shaky client relationships. It wasn't long before most of the senior developers in our branch hit the eject button making things worse.
Then they took away benefits and put on a wage freeze, it became apparent by the end that really they just wanted the clients we had but not our business.
Which was sad, for a time we had something great.