BMC Buys OptiSystems

BMC Software Inc. (stock: BMCS) announced it will buy OptiSystems Solutions Ltd. (stock: OPTL ) in order to get OptiSystems' next-generation E-business-management software for SAP R/3.

BMC will pay $10 for each OptiSystems' share, making the deal worth about $70 million as of today. The deal's expected to close by early August.

Max Watson, chairman, president, and CEO of BMC, says he pulled out the checkbook because of the large number of companies that depend on SAP R/3 and as the transaction backbone for their E-business systems. "I believe the market is huge. OptiSystems has built a world-class competency in R/3 management," he says.

Execs say they expect to integrate OptiSystems' products with BMC's Patrol and Mainview product lines, but wouldn't give specifics. A more detailed roadmap will be revealed within the next 30 days, they say.

Founded in 1982, OptiSystems of Israel has about 70 employees. It has sales and support operations in Germany; Naples, Fla.; and New Jersey. In 1999, the company posted $5.9 million in revenue.

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