Founded by former Mercury Interactive Corp. (Pink Sheets:MERQE) employees in 1996, Identify Software develops optimization solutions for support processes in enterprise applications.
In February 2004, BMC expressed interest in investing in Identify but the funding round was already closed. The $15 million round was co-led by the venture capital funds of Star Ventures and Evergreen Partners, with the participation by existing investors Earlybird, Formula Ventures, Infinity Funds, Intel, Mofet, NIF Ventures, UBS, and Vertex Venture Capital.
Founded in 1980, BMC Software is a leading provider of enterprise management solutions. BMC has offices worldwide and fiscal 2005 revenues of more than $1.46 billion. BMC stated that it expects the Identify transaction, to close during the first quarter of 2007.
BMC Software Inc. (NYSE: BMC) announced that it has offered to acquire Identify Software Ltd., a provider of application problem resolution (APR) software. Under the terms of the acquisition agreement, BMC will pay approximately $150 million in cash for the shares.