BMC Software Inc., which develops software for managing computer networks in virtual and cloud environments, has attracted buyout interest from KKR & Co. and TPG Capital, Bloomberg reports. Bain Capital also is considering bidding.
BMC’s government customers have included the Army, Pentagon and Coast Guard, according to the company’s website. BMC came under pressure from the activist hedge fund Elliott Associates to explore a sale or carry out potential stock-boosting moves this year. Elliott owns more than 6 percent of BMC, according to Dow Jones.
The company has a market value of about $6.4 billion, according to the article. BMC also has approached potential strategic buyers such as Oracle Corp., Cisco Systems and Dell Inc., according to Bloomberg.