BMC closes on purchase of Compuware
Houston-based BMC last week closed on its acquisition of one-time rival Compuware of Detroit, calling the combination better positioned to challenge major competitors such as IBM. Terms were not disclosed.
The deal, announced in early March, marked the conclusion of a long courtship between the two providers of software for managing big corporate networks with many different types of computers, from PCs to mainframes. At one point in 2018, Compuware was said to be considering buying BMC.
BMC and Compuware had been competitors for decades. BMC was started in 1980, while Compuware launched in 1973. In recent years, the two also cooperated in selling complimentary products to their respective customers.
A BMC spokesperson would not say how many employees the combined entities have, but in March BMC listed 6,000 employees on its website. Compuware has not disclosed its number of employees. The spokesperson said that all Compuware employees would become BMC employees, but would not say if any would relocate to Houston.
BMC, which said it had $2 billion in 2019 revenue, is owned by KKR, a global investment firm. Compuware was owned by Thoma Bravo, an asset managment firm.
AI firm Blueware lands BP contract
Houston oil-field software firm Bluware has landed an artificial intelligence deal with British oil major BP.
Bluware said last week it had entered into an agreement with BP to improve the oil major’s ability to interpret seismic data from oil wells. Financial terms were not disclosed.
“BP recognizes the significant impact advances in digital technology can bring and we are pleased to implement Bluware InteractivAI, a new and innovative deep learning technology, augmenting our geoscientists’ ability to accelerate subsurface data interpretation,” said Ahmed Hashmi, upstream chief digital and technology officer at BP.
With terabytes and pedabytes of data per well, seismic data is considered important to maximizing production from oil and natural gas wells but interpreting that data is time-consuming work. Artificial intelligence tools and deeplearning software cut that time.
“We are excited to be a part of BP’s digital innovation goals in delivering significant value and a better user experience across their subsurface workflows,” Bluware CEO Dan Piette said.