ITM Software

About ITM Software

ITM Software, founded in 2001 and headquartered in Santa Clara, California, specialized in information technology business management applications. The company was established to provide solutions that enhance transparency, improve decision-making, and optimize spending for better business alignment. On June 17, 2008, ITM Software was acquired by BMC Software.

Before its acquisition, the company was venture-capital-backed, with investors including Ascend Venture Group, Information Venture Partners, and InnoCal Venture Capital. The firm successfully raised $4 million in a Series A funding round on August 7, 2007.

The core of ITM Software's business was an integrated software suite designed to manage a wide array of IT functions. This suite provided modules for overseeing human resources, internal processes, vendors, assets, financials, and projects. It also addressed regulatory compliance, enabling clients to define their business objectives and execute strategies to achieve them. The primary market for these products was the business and productivity software sector.