Another huge purchase
Software giant BMC buys Israeli start-up
'Identify' from Petach Tikva purchased for USD 150 million; since its establishment, high-tech firm raised about USD 63 million
Ynet exclusive: Software giant BMC is purchasing Israeli start-up Identify for USD 150 million, Ynet learned Monday.
Identify, which develops systems for monitoring and resolving problems in software applications, raised about USD 63 million during its 10 years of existence. The major stock owners of the firm are venture capital funds Star and Evergreen.
Identify's sales in 2005 totaled USD 23 million, an increase of 60 percent compared to 2004. The company employs 180 employees and maintains its headquarters in New York, while its development center is in Petach Tikva, east of Tel Aviv. The company also has branches in Britain and Germany.
Following the deal's completion, Identify will operate as an independent division within BMC, with company President and CEO Yochi Slonim serving as the global BMC's vice president.
"We have here a synergetic integration between the companies," Slonim told Ynet on Monday, and added that BMC will provide Identify with access to a giant market and strategic partnerships, while Identify will expend the product basket offered by BMC and provide it with a competitive advantage over its rivals.
