Boole & Babbage
software company
Boole & Babbage Incorporated, founded as K & K Associates, was an American automation computer software company based in San Jose, California. It was the oldest systems management company in the world before being bought out in a stock swap by BMC Software, announced in late 1998 and completed in early 1999.
History
Boole & Babbage (a reference to 19th century English mathematicians George Boole and Charles Babbage, early theorists of what would eventually become the Information Age) was founded with three employees in Palo Alto, California, in 1967 as K & K Associates by Ken Kolence and David Kaitch. The company, later headquartered in San Jose, California, changed its name to Boole & Babbage after an investment from Franklin "Pitch" Johnson, becoming the first software company in Silicon Valley to receive venture capital funding. Its main product was a computer mainframe monitoring package which was the first software that allowed the tracking of hours. The company had a million dollars in sales in its first year.
By 1972, the company's large expenses outstripped its profits, so Bruce Coleman was appointed as president to lower expenses; this was accomplished by 1978, after which Coleman left the company. Boole & Babbage almost went bankrupt when their products became obsolete due to upgrades in IBM hardware. In the 1980s, the company developed new software and went public. In 1984 IBM changed its operating systems, rendering a number of Boole & Babbage's products obsolete.
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This entry incorporates text from “Boole & Babbage” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.