Reuters - BMC Software Inc. on Wednesday posted a higher quarterly profit as the company cut total operating expenses by about $70 million, and professional services revenue rose.

AP - BMC Software Inc. said Monday it has agreed to buy diagnostic software maker Identify Software Ltd. for $150 million in cash.

Reuters - BMC Software Inc. , which makes software used to manage business computers, said on Monday it had agreed to buy Israel's Identify Software Ltd., an application problem resolution software maker, for about $150 million.