BMC Software News Release:

BMC Software Completes Acquisition of Calendra

Enhanced Web-Based Identity Management Solutions Soon Available From BMC Software

HOUSTON - (Jan. 25, 2005) - BMC Software, Inc., [NYSE: BMC], a leading provider of enterprise management solutions, today announced that it has completed the acquisition of privately held Calendra, the leading provider of Web-based business-oriented identity management solutions. BMC Software® acquired 100 percent of Calendra shares for approximately $33 million in cash.

Calendra, a privately-held company headquartered in Paris, France, develops customizable state-of-the-art business process centric workflow and directory management solutions that provide customers improved communications, increased productivity, and a maximized return on investment for identity management solutions. Calendra's products acquired as a result of the acquisition will be available via BMC Software.

The acquisition strengthens BMC Software's identity management offerings, enabling the company to deliver an integrated suite of identity management solutions that include enterprise directories (white pages and yellow pages), workflow, PBX management, and active directory management. The combination of BMC Software's industry-leading provisioning solution, CONTROL-SA ®, with Calendra's state-of-the-art business process centric workflow and directory management capabilities, eliminates integration issues typically faced by customers purchasing individual components from multiple vendors. Additionally, the identity services architecture of the combined solution allows customers to easily enhance and customize capabilities to reflect their business processes through a Java-based rapid application development tool optimized for the creation of identity management applications over an IT infrastructure. The acquisition also strengthens BMC Software's Business Service Management (BSM) offerings, which enable customers to manage IT from a business perspective.

About Business Service Management
Business Service Management is BMC Software's approach for enabling companies to manage IT and services from a business perspective. BSM enables companies to understand and predict the impact of technology changes on the business, and conversely, how changes in the business impact IT, resulting in improved customer service and business performance. For additional information on BSM, visit www.bmc.com.