Remedy Corp
From Wikipedia, the free encyclopedia
| Remedy Corporation | |
 |
|
| Type | Public |
|---|---|
| Founded | 1990 |
| Headquarters | Mountain View, California, USA |
| Key people | Larry Garlick, Founder & CEO Dave Mahler, VP Marketing Doug Mueller, Chief Architect |
| Industry | Computer software |
| Products | Action Request System Flashboards |
| Website | www.remedy.com |
Remedy Corp (NASDAQ:RMDY) was a software company that produced the Action Request System and various applications therein. Remedy is now the Service Management Business Unit of BMC Software.
[edit] Company History
Remedy corp was founded in 1990 by Larry Garlick, who was the CEO until 2001. The company went public in 1995 and in 1996 was named by Business Week as the "Number 1 Top Hot Growth Company in America." [1] Competitor Peregrine Systems purchased the company for $1.2 billion in cash and stock[2] in 2001. On September 22, 2002, Peregrine and its wholly-owned subsidiary, Peregrine Remedy, Inc., filed for voluntary protection under Chapter 11 of the United States Bankruptcy Code.[3] Two months after accounting irregularities forced Peregrine Systems into bankruptcy, it sold the Remedy business unit to BMC Software. Remedy was then known as Remedy, a BMC Software Company until 2004, when it became known as the Service Management Business Unit.
[edit] References
- ^ Barrett, Amy & Joseph Weber (May 27), "HOT GROWTH COMPANIES", Business Week
- ^ Weintraub, Arlene (October 14), "Just How Much Did John Moores Know?", Business Week
- ^ U.S. SECURITIES AND EXCHANGE COMMISSION (June 30), "Peregrine Systems Inc · 10-Q · For 6/30/03", EDGAR Database (no. SEC file 0-22209): 38, Accession Number 1047469-4-28361
