BMC Software Inc. (BMC) recently announced that cloud services provider Infoplex will use its Business Service Management (:BSM) platform to efficiently manage its services. Terms of the deal were kept confidential.
Australia-based Infoplex serves more than 120 organizations with its cloud and hosting services. Infloplex was looking for a comprehensive information technology (IT) management solution to manage its vast operations and monitor its services as per customer requirement. The search ended with BMC Software’s BSM platform.
As per the deal, BMC Software will offer its Cloud Lifecycle Management and Cloud Operations Management solutions to Infoplex to help the company to automate its cloud services.
The BSM platform helps to achieve an efficient IT ecosystem by reducing downtime up to 75.0%, delivering services 30.0% faster, adapting to a new system promptly and minimizing cost through centralized supervision. The solutions will help Infoplex to reduce operational and maintenance cost as well as to boost customer satisfaction.
The popularity of BMC Software's ITSM suites is growing. We also believe that the company’s growing exposure to the cloud will prove to be a catalyst. Last month, BMC Software’s Cloud Lifecycle Management solution was chosen by two cloud-based companies, JDA Software Group and Quality Technology Services. Also, IT outsourcing services provider CompuCom Systems Inc. deployed Cloud Lifecycle Management and Cloud Operations Management solutions to help its customers migrate to cloud environments smoothly.
The deal flows over the past few quarters are encouraging. Though BMC’s first quarter results were modest, we believe that the series of deal wins could have a positive impact on the next quarter’s revenue.
However, weaker expenditure from different governments and ongoing European economic turmoil will remain headwinds in the near term. At the same time, heightened competition from big industry players such as IBM Corp. (IBM), Hewlett-Packard Company (HPQ), EMC Corp. (EMC) and CA Inc. (CA) remain a concern.
Currently, BMC Software has a Zacks #3 Rank, indicating a short-term Hold rating.
More From Zacks.com