Gil Peleg, Model9
Model9, an Israeli startup that offers mainframe cloud data management software, has been acquired by BMC, a company that offers software solutions for the Autonomous Digital Enterprise, for $40 million. The deal is expected to be closed by the end of the first half of 2023. This is BMC’s sixth acquisition in the last three years.
BMC works with 86% of the Forbes Global 50 and customers and partners around the world to create their future. The company helps organizations free up time and space to become an Autonomous Digital Enterprise that conquers the opportunities ahead.
BMC explains that the Autonomous Digital Enterprise is the framework for the successful future enterprise. It’s a digital-first business with distinct tech tenets and operating model characteristics that support transformation through actionable insights, business agility, and customer centricity.
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Founded in 2019, Model9 modernizes data management and business intelligence in large enterprises. It helps enterprises accelerate cloud transformation and the adoption of hybrid cloud technologies and benefit from cloud economics. The company boasts that its patented software-only technology securely delivers data to any cloud or on-premises storage platform, eliminating physical and virtual tape alike, and enabling secure integration with advanced analytics tools. Model9 is trusted by the world’s leading financial institutions, government agencies, and transportation companies. Model9 is an AWS Advanced Technology Partner as well as an IBM Business Partner. Model9 is backed by Intel Capital.
“Together BMC and Model9 support innovation by reimagining mainframe data management,” said John McKenny, senior vice president and general manager, Intelligent Z Optimization and Transformation at BMC. “With mainframe cloud data management, organizations get all of the benefits of the cloud including flexibility, scalability, and price, while delivering the advantages of on-premises mainframe computing for large-scale, business-critical applications. Together, we will extend cloud benefits to our mainframe customers as they accelerate their journey to become an Autonomous Digital Enterprise.”
“We see the success our customers have as they modernize their mainframe by connecting it to the cloud,” said Gil Peleg, founder and CEO at Model9. “The combination of Model9’s Cloud Data Management for Mainframe solutions with the BMC AMI product portfolio will enable customers to modernize more quickly and safely while fully leveraging their investment in existing trusted infrastructure.”
