BMC buys DFJMercury Funded Phurnace

While it’s neither of the two companies involved are actually ‘Houston Startups’, BMC is far from its startup days and Phurnace is based in Austin -  it was funded by DFJ Mercury – making it the Houston-based early stage Venture Capitalists first exit. It nice to see a win for the hometown team and this gives them the opportunity to look at more deals in our area:

From Texas Tech Pulse: http://texastechpulse.com/bmc_buys_phurnace_software/s-0026067.html

BMC Buys Phurnace Software
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Houston-based BMC Software said this morning that it has acquired Austin’s
Phurnace Software, which develops automation software for deploying and
configuring Java applications. Financial terms of the deal were not
disclosed. According to BMC, it will sell and support Phurnace’s products
as BMC BladeLogic Application Release Automation, and will embed
Phurnace’s technology into its BMC BladeLogic Server Automation Suite.
Phurnace was venture backed by S3 Ventures and DFJ Mercury, and had raised
around $5M in funding.

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