Remedy Corp

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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 and Dave Mahler and Doug Mueller. 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

  1. ^ Barrett, Amy & Weber, Joseph (May 27), “HOT GROWTH COMPANIES”, Business Week, <http://www.businessweek.com/1996/22/b34771.htm> 
  2. ^ Weintraub, Arlene (October 14), “Just How Much Did John Moores Know?”, Business Week, <http://www.businessweek.com/magazine/content/02_41/b3803060.htm> 
  3. ^ 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, <http://www.secinfo.com/dVut2.1Rm6.htm> 

[edit] External links