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BladeLogic


BladeLogic: From EIR to Undisputed Market Leader
Sectors: Infrastructure • Software & Services
Stage: Early
Location: Lexington, MA
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Situation

  • Worked with an Entrepreneur-in-Residence to define large, worldwide opportunity in data center automation
  • Discovered Network Shell – small company with innovative, protected IP, a shipping product & customers
  • Made Series A investment to acquire Network Shell as launch pad, getting a 9-month jump on the competition

The Battery Difference

  • Backed an EIR, whom we’d worked with at Eggrock Solutions (sold to Breakaway Solutions), to pursue the thesis
  • Found Network Shell and facilitated transaction to jump-start new business: BladeLogic
  • Recruited management team to scale company beyond initial product targeted at small customer base
  • Guided team to smart and steady growth and exceptional operating performance

Result

  • Company captured leadership position in strategic and burgeoning multi-billion dollar market
  • NASDAQ:  BLOG, July 2007
  • Less than 12 months later, acquired by BMC for $872M ($28 / share, a significant premium over trading price)