Business Service Management (‘BSM’) solutions provider BMC Software Inc. recently announced that the University of Connecticut (UConn) has implemented the BMC Control-M Workload Automation solution in order to deliver improved IT services. Aided by this new technology from BMC, the University aims to better handle its workload and manage costs effectively. Financial details of the deal were not disclosed.
The University of Connecticut happens to be one of the top research institutes, operating 14 schools and colleges, with 21,000 students under its umbrella. To better manage its huge financial operations, the University deployed a new system, but found the job scheduling software needed to run the system, inconvenient. To make the system work smoothly, especially with respect to proper job scheduling and efficient workload management, UConn selected BMC Software’s Control-M Workload Automation suite.
BMC Software’s workload automation suite offers a range of capabilities required to manage traditional job scheduling, batch service management and workload automation. The UConn has been using the software for the past 15 years, but mainly for their mainframe systems. The selection for its distributed services indicates a confidence in its ability to generate significant operational efficiencies.
We feel that BMC Software’s products are gaining popularity because they are increasing IT efficiency within eco systems of companies, thus pushing down their costs. On a special note, it can be mentioned that the proven success of BMC’s Control-M Workload Automation solution at various enterprises helped it to fetch recognition from the U.S. IT research firm Gartner Inc. (IT - Free Report) . Earlier this year, Gartner positioned the suite in the Leaders Quadrant of the 2012 “Magic Quadrant for Workload Automation.”
Though European concerns persist, we remain positive about BMC’s continuous deal wins and License booking growth in the Enterprise Service Management segment. We also believe that its intention to buy back $1.0 billion of common stock will encourage investors.
Currently, BMC Software has a Zacks #2 Rank, implying a short-term Buy rating.