KKR-owned BMC to create two independent companies

KKR-owned BMC on Wednesday announced the decision to create two stand-alone, independent companies, BMC and BMC Helix. “BMC is an industry leader and key strategic partner to our customers in their AI-driven, multi-cloud journey,” said Ayman Sayed, CEO and president of BMC. “As a result, our financial strength underpinned by our continued growth has allowed us to reach critical mass in size to where we can accelerate growth for each business and create even greater customer value with two market-leading companies. BMC and BMC Helix will be better equipped to deliver solutions quickly, keeping up with the evolving needs of our customers and reinforcing our industry leadership.”BMC will remain the name of the company that includes the Intelligent Z Optimization and Transformation and Digital Business Automation business units, unifying hybrid IT with the most innovative portfolio of AI-driven infrastructure software, partners, and expertise. BMC Helix, the company encompassing the Digital Service and Operations Management business, will be focused on accelerating innovation, customer success, and the application of AI across the digital service and operations management business to capture more market share and lead the industry. The transition is expected to begin in early 2025, when BMC and BMC Helix will officially begin operating as two independent organizations.