3i backed Calendra acquired by BMC Software for 33m

11 Jan 2005

3i, Ventech, Spef Venture, I-source Gestion and Elaia Partners to sell Calendra the «Identity & Access Management» solution provider to BMC Software

Paris, France, Calendra, the leading provider of directory centric, business-oriented, web-based identity management solutions is to be acquired by BMC Software, Inc., [NYSE: BMC], a leading provider of enterprise management solutions. 

Founded in 1997 in the South of France, Calendra has been supported by several investment funds. The Company was first seeded by I-Source Gestion, followed by Spef Venture and Ventech in 2000.  In 2001, 3i led a significant investment round to help the company develop its sales internationally. Elaia Partners joined as a shareholder in 2004.

Calendra has grown rapidly, benefiting from the continual development of its solutions and a successful international expansion. By 2001, Calendra had a pan-European presence, and used the funds raised to expand its operations in the US.
 
From its US headquarters in Pennington, NJ, Calendra established a successful partnership with BMC Software. This acquisition announced today enables BMC Software to deliver an integrated suite of Identity Management solutions that include enterprise directories (white pages and yellow pages), workflow, PBX management, and directory management.  The combined solution removes the complexities customers traditionally encounter when integrating various technologies from multiple vendors.

Under the terms of the agreement, BMC software will acquire 100% of Calendra shares for approximately $33m in cash.

"We are very pleased to see the cooperation between Calendra and BMC progressing to a positive and logical point", declared Jean-David Chamboredon, Director and 3i board member of Calendra.

"This acquisition is a positive move for Calendra and its customers," said Alain Pechon, CEO, Calendra.  "In addition to extending our offerings to a larger customer base, this provides our customers with the opportunity to expand their Identity Management offerings for a more complete, integrated solution."

Notes to editors

Company and investors

Calendra : Alain Péchon, CEO and Etienne Jacquot, CFO

3i : Jean-David Chamboredon and Ian Lobley
I-source Gestion : Didier Moret
Ventech : Eric Huet
Spef Venture : Bruno Rivet
Elaia Partners : Philippe Gire

Seller advisors
Corum Mergers and Acquisitions: Nat Burgess
SJ Berwin : Pierre-Louis Perin and Maxime Dequesne

About Calendra 
Created in 1997, Calendra has pioneered the advancement of Web-based Directory Content Management solutions for the Global 2000 enterprises. Calendra Directory Manager, its flagship product, enables organizations to realize project-oriented solutions that deliver business value through reduced administration costs, and faster time to service whilst keeping pace with constantly evolving business environments. Calendra has acquired 250 large corporate customers with more than 8 millions end users. Customer base includes global corporations such as Airbus, Axa, BNP Group, Cap Gemini Ernst & Young, Danzas, Deutsche Bank, EADS, France Telecom, Lexmark, L'Oreal, and Novartis, Volkswagen of Amercia, Time Warner, and Orange. The Company has offices in Europe and in the US. For further information visit Calendra at www.calendra.com

About BMC Software
BMC Software, Inc. [NYSE:BMC], is a leading provider of enterprise management solutions that empower companies to manage their IT infrastructure from a business perspective. Delivering Business Service Management, BMC Software solutions span enterprise systems, applications, databases and service management. Founded in 1980, BMC Software has offices worldwide and fiscal 2004 revenues of more than $1.4 billion. For more information about BMC Software, visit www.bmc.com. For additional information on BSM, visit www.bmc.com/bsm

About 3i 
3i is a world leader in private equity and venture capital. We focus on buyouts, growth capital and venture capital and invest across Europe, in the United States and in Asia Pacific.  
Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders. 3i invested into technology companies since the early 1980s and to date has made over 400 investments in this sector.  www.3i.com