KKR-Owned BMC to Separate Into Two Private Software Companies

BMC Software, a KKR & Co.-owned technology provider for businesses, is breaking up into two standalone companies.

One of them will keep the name BMC and house a unit for big mainframe computers used by businesses, as well as software automation, according to a statement on Wednesday that confirmed an earlier Bloomberg News report.

The other will be called BMC Helix and focus on software tools that monitor and manage all the technology in an organization. BMC Helix will compete with the likes of ServiceNow Inc., while BMC’s competitors will include Broadcom Inc.

About two-thirds of the ...