M&A Deal Summary

BMC Acquires Netreo

On April 16, 2024, BMC acquired internet software and services company Netreo from Software Growth Partners and Finrock Growth Partners

Acquisition Highlights
  • This is BMC’s 3rd transaction in the Internet Software and Services sector.
  • This is BMC’s 24th transaction in the United States.
  • This is BMC’s 7th transaction in California.

M&A Deal Summary

Date 2024-04-16
Target Netreo
Sector Internet Software and Services
Buyer(s) BMC
Sellers(s) Software Growth Partners
Finrock Growth Partners
Deal Type Add-on Acquisition

Target

Netreo

Irvine, California, United States
Netreo provides a Software-as-a-Service (SaaS) IT Management product called OmniCenter which automatically builds enterprise-wide dashboard views into the entire IT footprint for large companies. Netreo was founded in 2000 and is based in Irvine, California.

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Buyer(S) 1

Buyer

BMC

Houston, Texas, United States

Category Company
Founded 1980
Sector Software
Employees6,700
DESCRIPTION
BMC's corporate headquarters in Houston, Texas.
BMC's corporate headquarters in Houston, Texas.

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.


DEAL STATS #
Overall 32 of 32
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 32 of 32
State (California) 7 of 7
Country (United States) 24 of 24
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Model9 Software

Tel Aviv, Israel

Model9 Software is a mainframe cloud data management software company that delivers innovation to companies looking for a fast, smooth, and low-risk path to the cloud for data management, data protection, and data analytics. Model9 Software is based in Tel Aviv, Israel.

Buy -

Seller(S) 2

DESCRIPTION

Software Growth Partners (SGP) is a private equity firm that focuses on lower-middle market software companies. SGP seeks to be a financial and strategic partner for founder-owned companies and entrepreneurs that are looking for some liquidity while still retaining significant upside resulting from growth in their businesses. Prospective companies are typically profitable (minimum $500K EBITDA) and possess $2 to $30 million of revenue (> 50% recurring). Target markets include healthcare, analytics, security, financial services, business services, and healthcare. Software Growth Partners is headquartered in San Carlos, California.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 ClearlyRated

Vancouver, Washington, United States

ClearlyRated is a provider of satisfaction surveys and service quality benchmarking software designed for B2B professional services firms. ClearlyRated was founded in 2003 and is based in Vancouver, Washington.

Buy -
DESCRIPTION

Finrock Growth Partners is a private investment firm that looks to acquire and invest in founder led, bootstrapped software companies. The Firm will consider companies throughout North America with revenue of $5 to $50 million and EBITDA of $1 to $10 million operating in growing markets and serving business or government clients. Finrock prefers acquiring majority positions from owners looking to retire or transition from running day to day operations. Finrock Growth Partners was formed in 2010 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Efficient Hire

Littleton, Colorado, United States

Efficient Hire is a designer and developer of cloud-based data collection automation software that integrates into a company's human resource and hiring process. It serves customers in the restaurant, staffing, retail, call center, and convenience store industries. Efficient Forms was founded in 2004 and is based in Littleton, Colorado.

Sell -