Remedy Corp
Encyclopedia
Remedy Corp 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
.
, 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." Competitor Peregrine Systems
purchased the company for $1.2 billion in cash and stock 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. 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.
Action Request System
BMC Remedy Action Request System is a client–server software application development environment from BMC Software . Action Request System uses a third party database for storing data in tables...
and various applications
Application software
Application software, also known as an application or an "app", is computer software designed to help the user to perform specific tasks. Examples include enterprise software, accounting software, office suites, graphics software and media players. Many application programs deal principally with...
therein. Remedy is now the Service Management Business Unit of BMC Software
BMC Software
BMC Software, Inc. is a multinational corporation specializing in Business Service Management software, with record annual revenue in fiscal 2009 of $1.87 billion...
.
History
Remedy Corp was founded in 1990 by Larry GarlickLarry Garlick
Larry Garlick was the founder, CEO, and Chairman of the board of directors of Remedy Corp, the software company that produced the Action Request System. He served as CEO of the company from its founding in 1990 until its sale to competitor Peregrine Systems in 2001...
, who was the CEO
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
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." Competitor Peregrine Systems
Peregrine Systems
Peregrine Systems, Inc., an enterprise software company, was founded in 1981 and sold enterprise asset management, change management, and ITIL-based IT service management software. Following an accounting scandal and bankruptcy in 2003, Peregrine was acquired by Hewlett-Packard in 2005...
purchased the company for $1.2 billion in cash and stock 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. Two months after accounting irregularities forced Peregrine Systems into bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
, it sold the Remedy business unit to BMC Software
BMC Software
BMC Software, Inc. is a multinational corporation specializing in Business Service Management software, with record annual revenue in fiscal 2009 of $1.87 billion...
. Remedy was then known as Remedy, a BMC Software Company until 2004, when it became known as the Service Management Business Unit.
External links
- Remedy
- BMC
- ARSList - an independent community of ARSystem Users
- Remedy ARS - (Broken Link) The unofficial Remedy community about the Action Request System.
- Remedies for Remedy - User contributed news and information gathering site about Remedy AR System.