Going private means BMC Software is less beholden to short-term shareholder demands and gives it the freedom to invest in less popular technologies, like mainframes, according to the company's CEO.

Bob Beauchamp, chairman and CEO of the IT management solutions company, said that while the company will invest in new technologies, like cloud, it is also continuing to invest in mainframes, because it is an important technology for many of its customers.

"We are very focused on helping our customers build the systems they need to take advantage of social, mobile, analytics and cloud. But we are [also] going to spend on some aspects of our mainframe business.

"[The mainframe business] is a third of our business, but it's important to our business [because] it's important to our financial services industry customers," Beauchamp told ComputerworldUK.

BMC's financial services customers in the UK include Barclays, Lloyds Banking Group and HSBC.

BMC was acquired by an investor group comprising Bain, Golden Gate, GIC, Insight Venture Partners and Elliott Management in September 2013 in a deal worth £4.4 billion.

By no longer trading stock on the NASDAQ exchange, BMC saves money by no longer having the costs of being a public company, and planning is now less focused on the 90-day earnings per share, Beauchamp said.

"We can spend money with a return in two or three years more freely," he said. "We can be more strategic in investment."

He added: "One thing that is very clear with this investor group is they support management to invest more innovation, not just of technology, but in pricing and marketing."

Beauchamp said that many IT organisations are currently undergoing "transformation" programmes, in order to adapt to new technologies, demographics and the economy.

"There's a realisation that their business models are changing and their IT investments have to change," he said.

But while IT departments are seeing an increase in their budgets, it is not huge, he said.

"We are not seeing a dramatic jump in IT spending due to those IT trends [of cloud, social, mobile and analytics].

"[Businesses] are going to spend far less on IT functions and will spend that saving to grow the business and innovate. They're using technology to do both parts of that," said Beauchamp.

One of the ways that companies can do this is by implementing more self-service.

"They need to put the power into the hands of the consumer of the digital product," said Beauchamp.

"They need to give them personalised [tools] and they need the provisioning part of it automated. That frees up budget."