UK - Apax et al. to exit Tideway Systems
Apax Partners, Accel Partners, Scottish Equity Partners and Nesta are to exit portfolio company Tideaway Systems Limited, an IT discovery solutions business, through a trade sale to BMC Software.
Its customers include Dresdner Kleinwort, ING, Linklaters, and Mizuho Bank and partners include Compuware, Cisco, Compucom, Computacenter, EDS, Sun Microsystems and VMware.
Founded in 2002, Tideway is headquartered in London and New York.
The acquisition is expected to enhance BMC's business service management platform and help organisations minimise the risks associated with business-critical initiatives such as data center consolidation, virtualisation and compliance.
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