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SofterWare history
SofterWare company history timeline
1981: The company records more than $1 million in annual sales.
In 1982, BMC's novel marketing methods and its IBM mainframe products attracted the attention of venture capitalist Jacqueline Morby.
Morton Rosenthal started Corporate Software in November 1983 with Christopher D. Robert, a sales manager from Data General Corp., and Donald Boudreau, an executive at Child World Inc.
According to an interview with Rosenthal in 1985, about 75 percent of the staff spent at least half of their time talking to customers.
By 1986, the company was earning profits equal to 20 percent of its revenues and a third of customers were from overseas.
In 1987, Corporate Software went public with financial support of $916,000 from Hambro International Venture Fund and $466,000 from General Electric Venture Capital Corp.
In March 1988, BMC announced that in July it would make an initial public offering (IPO) of approximately three million shares of common stock on the NASDAQ. Company officials also hoped that the IPO would give the company visibility and prestige.
In January 1989, it purchased Trimar Software Systems Ltd. and Trimar Software International Ltd., Toronto-based companies that produced IMS-VS Fast Path software products, for $4.5 million.
In 1989, Corporate Software expanded its staff from 308 employees to 425 employees.
In 1990, European sales grew by 73 percent, providing 37 percent of the company's total revenues; North American sales grew 33 percent in 1990.
Microsoft's Windows products accounted for 25 percent of sales for Corporate Software in 1991 while two years earlier it had posted almost no revenue from Windows.
By the beginning of 1991, it had also acquired Integrity Solutions, Inc. and the DB2 General Recovery Facility product.
By mid-1991, the Wall Street Journal could report that BMC was one of the most profitable and fastest-growing firms in the software field.
Corporate Software also added telemarketing to its sales strategy for reaching mid-sized companies in 1992.
In 1992, company vice-president Stephen D. R. Moore became president while Rosenthal continued as chairperson and CEO. Co-founder and chief operating officer Donald Boudreau retired.
In 1992, Watson assumed the position of chairman as well.
BMC was performing strongly in early 1992.
By 1993, many analysts speculated that mainframe computers would soon be completely replaced by less expensive computer networks.
With its share price still falling in January 1994, BMC acquired privately owned Patrol Software of Redwood Shores, California.
Corporate Software Inc., a public company that planned to go private in 1994, is a leading provider of software and other related computer services to large corporations in the United States and Europe.
Soon after Moores left BMC, he founded a new software firm, Peregrine Systems, and started hiring software developers away from BMC, which responded in 1994 with a lawsuit against Peregrine and its former employees.
E-Mail Management Software: 1996-99
Kana Software, Inc. was founded in 1996 as Kana Communications, Inc. by sports enthusiast and entrepreneur Mark Gainey.
Around 1996, it began licensing its products for use by other companies for the first time.
Kana released its first e-mail management software in March 1998.
The renewed mainframe vogue was reflected in a 54 percent increase in BMC's profits for December 1998.
The company had previously opened a London office in January 1999.
1999: P.O.V. magazine names BMC the nation's top employer.
In January 2000, BMC shares lost 36 percent of their value.
By mid-2000 Kana had more than 800 employees.
Through the first half of 2002, many companies in the CRM software sector reported revenue shortfalls as spending on CRM and ERM software softened.
2002: Remedy Software is acquired.
In March 2003, it purchased Belgium's IT Masters, a developer and producer of computer systems management software, for $42 million.
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SofterWare competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| BillingTree | 2003 | $13.0M | 138 | - |
| Blackbaud | 1981 | $1.2B | 3,400 | 98 |
| VinSolutions | 2006 | $15.0M | 514 | - |
| DiCentral | 2000 | $30.0M | 368 | - |
| CSG | 1994 | $1.2B | 4,800 | 41 |
| TMA Solutions | - | $10.8M | 2,000 | 21 |
| eTeam | 1999 | $75.0M | 100 | 36 |
| Springer-Miller Systems | 1984 | $370,000 | 15 | - |
| National Information Solutions Cooperative | 2000 | $230.0M | 850 | 15 |
| Karmak | 1981 | $35.0M | 200 | 4 |
SofterWare history FAQs
Zippia gives an in-depth look into the details of SofterWare, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SofterWare. The employee data is based on information from people who have self-reported their past or current employments at SofterWare. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SofterWare. The data presented on this page does not represent the view of SofterWare and its employees or that of Zippia.
SofterWare may also be known as or be related to SOFTERWARE INC, SofterWare, SofterWare Inc and Softerware, Inc.