|Industry Computer software|
Founder Larry Garlick
Parent organization BMC Software
|Type Subsidiary of BMC Software|
Key people Larry Garlick, Founder & CEO Dave Mahler, VP Marketing Doug Mueller, Chief Architect
Products Action Request System Flashboards
Headquarters Mountain View, California, United States
Remedy Corporation 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.
Remedy Corporation was founded in 1990 by Larry Garlick, 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.