TOKYO -- The new CEO of Livedoor Co. is vowing to revive the beleaguered Internet company following the recent arrests of its founder and two other executives for alleged violations of Japanese securities laws.

"We will rebuild our company and keep it going for the future," Kozo Hiramatsu told an audience at the Foreign Correspondents' Club of Japan here last month. "But this time, we promise we'll grow our company with integrity, enhanced corporate governance and [regulatory] compliance."

Livedoor used an aggressive acquisition strategy to grow into a small empire, with businesses ranging from Internet portals and a Linux distribution arm to used-car sales. But it hit a wall in January with the arrests of then-CEO Takafumi Horie and the other executives. Hiramatsu, who had been a senior vice president at Livedoor, replaced Horie on Jan. 24.

BMC buys Israeli firm for $150M

PETACH-TIKVA, Israel -- BMC Software Inc. last week said it has agreed to buy Identify Software Ltd., an application problem-resolution software vendor based here, for $150 million in cash.