Software developer Compuware agreed to be taken private by Thoma Bravo LLC for about $2.5 billion. BMC will acquire Compuware over the coming months. Compuware Corp. (NASDAQ: CPWR) said that its application performance management business will now operate under the name . The acquisition is Compuware's fourth in the past year, and rounds out the company's goal of providing innovative mainframe technology. DETROIT, Sept. 12, 2019 /PRNewswire/ -- Compuware Corporation, the world's leading mainframe-dedicated software company, is pleased to announce Day One support of the new IBM z15 mainframe and IBM z/OS V2.4 operating system. The activist hedge fund previously offered to acquire Compuware for $2.3 billion, but it was rejected by the board of directors of company. Compuware Corporation was an American software company with products aimed at the information technology (IT) departments of large businesses. Compuware Corporation has acquired privately held dynaTrace software. - Reporter, Houston Business Journal. The Company's most targeted sectors include . BU. 2014. HOUSTON, June 1, 2020 /PRNewswire/ -- BMC, a global leader in IT solutions for the Autonomous Digital Enterprise, today announced the close of its acquisition of Compuware, a leading provider of . Acquisition Highlights. Compuware to acquire Covisint B2B exchange. Compuware this week announced it has acquired service management software maker Proxima Technology for about $31 million. Compuware was a super company to work for until purchased by a private equity company about 2015. BMC, a KKR portfolio company and IT solutions provider for the digital enterprise, has today announced the signing of a definitive agreement to purchase Compuware, a Thoma Bravo company and a provider of mainframe application development, delivery and support solutions. . "To meet these demands effectively, IT organizations must have . "We stand at the threshold of a broad mainframe revival. HOUSTON - June 1, 2020 - BMC, a global leader in IT solutions for the Autonomous Digital Enterprise, today announced the close of its acquisition of Compuware, a leading provider of . Compuware Corporation recently announced a strategic partnership with Rosetta, which . With revenues of more than $1.6 billion in 1999, Compuware is a world . Standardware, including the COPE product line. With this acquisition, Compuware now enables enterprises to rapidly deploy multiple virtual IMS environments to as many different active . By Chris Mathews. synopsis: Compuware Corp announced the acquisition of MVS Solutions and its popular ThruPut Manager mainframe batch automation technology. On May 31, 1994, Compuware Corp. acquired software company Uniface B.V. from General Atlantic. Thoma Bravo agreed to pay $10.92 a share in cash, which . It carved out Compuware . Restructuring efforts also included a focus on acquisition in order to, according to CEO Karmanos, "fill in product and service gaps." Toward that end, Compuware acquired Changepoint Corporation, a project performance management software supplier, for $100 million, and Covisint LLC, an online automotive entity, for $7 million. Compuware Corp. ( NASDAQ:CPWR ), a technology performance software provider, announced today that it would be taken private by Thoma Bravo LLC, a leading private equity firm for an aggregate value of $10.92 per share, or approximately $2.5 billion. Compuware Completes Acquisition of INNOVATION Data Processing Assets. Compuware Corporation today announced it has acquired the assets of Standardware, the leading provider of IMS virtualization technology. . Launched in 1972, INNOVATION Data Processing was the first independent software vendor to develop a mainframe storage and backup . In December 2014, Compuware was acquired by private equity firm Thoma Bravo for approximately $2.5 billion and became a privately held company. Detroit-based Compuware Corporation — which is the leading provider of software for mainframe DevOps — announced it has completed the acquisition of the assets of INNOVATION Data Processing as of January 1, 2020. The official website of the Federal Trade Commission, protecting America's consumers for over 100 years. BU. Detroit — Compuware Corp.'s new CEO reaffirmed the company's commitment to Detroit Tuesday following a completed buyout that took the software business private . "Organizations today depend on the rapid development and delivery of high-performing applications to drive revenues, customer satisfaction and brand," says Compuware Chief Executive Officer Bob Paul. With the acquisition of XaTester, new enhancements, and partnership with Parasoft, Compuware Topaz for Total Test is the clear leader in the automated unit testing essential for Agile and DevOps . Compuware Corporation is the technology performance company, and we exist . Compuware Acquisition Wraps Up Jan 5, 2015 Thoma Bravo, LLC has formally completed its acquisition of Compuware Corporation and implemented its previously announced plan to separate the company's mainframe and application performance management (APM) businesses — with the mainframe business carrying the Compuware name. Compuware Completes Acquisition of INNOVATION Data Processing Assets. Wednesday, September 3, 2014. Micro Focus International plc has acquired Borland and Compuware Testing and Automated Software Quality (ASQ) Business. Number of Exits 1. The firm created its first personal computer (PC . "We were $25 million in trailing 12-month revenue when Compuware acquired the . Compuware Corp acquires Changepoint Corp for $100 million in cash (S) Compuware Corp., the Detroit-based IT company co-founded by Peter Karmanos Jr., has reached a . After evaluating several strategic alternatives to maximize shareholder value, the Compuware Board decided to divest three non-core businesses - two software . Houston-based BMC Software Inc. closed its acquisition of Detroit-based Compuware Corp. on June 1, expanding the company's . Mar 2, 2020. Review. In 2011, it was acquired by Detroit-based Compuware Corp. Compuware Corporation is a recognized industry leader in enterprise software and IT services that help maximize the value of technology investments. SAN FRANCISCO, CA — December 15, 2014 — Thoma Bravo, a leading private equity investment firm, has completed its acquisition of Compuware Corporation in a transaction valued at approximately $2.4 billion, or an aggregate value of $10.75 per share.This includes a net cash payment of approximately $10.39 per share of common stock and the value of Covisint shares previously distributed to . In a statement, Gurminder S. Bedi, independent chairman of the board of Compuware Corporation (NASDAQ:CPWR) said, "This is the right transaction for Compuware at the right time, and reflects a thorough . Compuware Corporation. This is Compuware's 3rd transaction in the Software sector. Company Type For Profit. It also offers a suite of system management tools, which have become increasingly important to companies conducting business electronically. The $256 million cash acquisition closed on July 1, 2011. DETROIT, Sept. 12, 2019 /PRNewswire/ -- Compuware Corporation, the world's leading mainframe-dedicated software company, is pleased to announce Day One support of the new IBM z15 mainframe and IBM z/OS V2.4 operating system. Large enterprises must rigorously safeguard the quality of their mission-critical mainframe systems as digital demands drive them to develop and deploy . Houston-based BMC Software Inc. has reached a deal to acquire Detroit-based Compuware Corp. — less than two years after reports surfaced about the possibility of a similar deal. About Compuware Stock. Compuware Corp., the Detroit-based provider of software for mainframe DevOps, completed its acquisition of New Jersey software vendor Innovation Data Processing, and announced a technical alliance with CloudBees, a continuous delivery software services company in California. This acquisition will be Compuware's sixth in the last three years. DETROIT & SAN FRANCISCO-- ( BUSINESS WIRE )--Compuware Corporation (Nasdaq:CPWR) and Thoma Bravo jointly announced that Compuware has entered into a definitive agreement to be acquired by leading . At closing, Thoma Bravo will acquire 100 percent of Compuware's outstanding shares and Compuware will become a privately-held . By Chris Mathews. Borland is a leading independent player in the Application Lifecycle Management (ALM) market with a range of software solutions to enhance the management of application delivery. Marlin plans to carve-out the three businesses from Compuware to create a standalone entity . Phone Number (800) 266-7892. Goldman, Sachs & Co. is serving as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Compuware. Under the deal, first announced March 2, Compuware is getting a new name: Compuware, a BMC company. Software and services vendor Compuware Corp. announced Thursday plans to acquire Michigan neighbor Covisint LLC, an automotive industry e-services firm. Compuware Corporation (formerly NASDAQ:CPWR), a provider of mainframe application development and performance optimization software solutions, decided to launch a strategic review process in response to activist investor pressure. Jun 1, 2020. The Company offers data management, code quality, application auditing, analysis, debugging, and mainframe modernization solutions. In a combining of longtime mainframe software competitors, Houston-based BMC Software announced Monday it is acquiring Compuware Corp., a Detroit-based company that dates back to the early 1970s . COMPUWARE : Announces Completion of Spin-Off of Covisint. Data Processing Resources Corp., a rapidly growing Irvine temporary-staffing firm that supplies thousands of computer specialists to major corporations, on Wednesday agreed to be acquired by a . The investigation by a law firm concerns whether certain officers and directors of Compuware Corporation breached their fiduciary duties owed to NASDAQ:CPWR investors in connection with the proposed acquisition. After evaluating several strategic alternatives to maximize shareholder value, the Compuware Board decided to divest three non-core businesses - two software . CONTACT: Compuware Covisint Press Contact Doug Anter, Public Relations Manager 313-227-0127 danter@covisint.com For Sales and Marketing Information Compuware Corporation 800-521-9353 One Campus . Sep. 2, 2014 10:31 am ET. Then it was purchased by BMC in the end of 2020. With BMC Compuware, you can automate your mainframe, enable cross-platform DevOps toolchain integrations, and improve quality, velocity, and efficiency to power innovation. Compuware Corp. makes and sells software that allows clients to test and debug corporate mainframe systems. Compuware Corp. today announced its intent to acquire Covisint Inc., the business-to-business exchange and Web portal used primarily by the automotive industry, for an undisclosed sum.. Tags: Skadden, Arps, Slate, Meagher & Flom, LLP. Compuware's third . Compuware Corporation was an American software company with products aimed at the information technology (IT) departments of large businesses. . 2014. They offer a set of integrated solutions for enterprise IT including IT portfolio . Jun 1, 2020. Skadden is advising Compuware Corporation in its $2.5 billion acquisition by private equity investment firm Thoma Bravo, LLC, announced September 2. As a result of the merger, Compuware shareholders are only anticipated to receive $10.43 per share in cash in exchange . 10 January 2017 - Detroit-based information technology company Compuware Corp. has acquired Canada-based batch service management MVS Solutions and its ThruPut Manager mainframe batch automation technology, the company said. SPONSORED BY Advertiser Name Here Sponsored item title goes here as designed . Previously a division of Compuware Corporation, Dynatrace was established as a stand-alone business by Thoma Bravo upon its acquisition of Compuware in 2014. Since 1973, Compuware has focused on optimising business software development, testing, and operation. The acquisition, Compuware's fourth in the last year, solidifies the company's position as the leader of a mainframe renaissance, that is bringing Agile, DevOps and Millennial-friendly management to the . On September 2, 2014, Compuware Corporation (Nasdaq: CPWR) and Thoma Bravo jointly announced that Compuware has entered into an . Farmington Hills, Michigan-based Compuware Corp is to acquire Computer People Unlimited Inc, a Milwaukee-based computer services company that is evidently nothing to do with the London company with the similar name: Compuware plans to issue 820,000 shares, valuing Computer People at $29.1m; Computer People had 1993 turnover of about $29m and has 470 employees serving about 200 clients from . BMC . Skadden is advising Compuware Corporation in its $2.5 billion acquisition by private equity investment firm Thoma Bravo, LLC, announced September 2. LOS ANGELES, January 31, 2014 - Marlin Equity Partners ("Marlin") is pleased to announce that it has completed the acquisition of two software divisions, Changepoint and Uniface, and the IT services business, CW Professional Services, from Compuware Corporation (NASDAQ: CPWR) ("Compuware"). In December 2014, Compuware was acquired by private equity firm Thoma Bravo for approximately $2.5 billion and became a privately held company. Compuware Corporation is a recognized industry leader in enterprise software and IT services that help maximize the value of technology investments. Compuware Corp. agreed to acquire Covisint LLC, an automotive e-commerce cooperative, from its founders, General Motors Corp. , Ford Motor Co. , DaimlerChrysler AG , Renault SA and Nissan Motor Co . Compuware Corp - AGREEMENT AND PLAN OF MERGER BY AND AMONG COMPUWARE CORPORATION, COMPUWARE ACQUISITION CORP., DYNATRACE SOFTWARE, INC., AND THE STOCKHOLDERS' REPRESENTATIVE Dated as of July 1, 2011. HOUSTON, March 2, 2020 /PRNewswire/ -- BMC, a KKR portfolio company and a global leader in IT solutions for the digital enterprise, today announced the signing of a . So now, Dynatrace is being spun back out as a private company that is part of the Thoma Bravo portfolio. Financial terms of the deal were not . Compuware has acquired 27 companies of its own, including 2 in the last 5 years. // File photo. - Reporter, Houston Business Journal. On September 5, 2014, Compuware and Thoma Bravo LLC ("Thoma Bravo") announced the signing of a definitive merger agreement pursuant to which Thoma Bravo would acquire Compuware in a merger valued at roughly $2.5 billion. (company) A software and service company with over 11,000 employees worldwide, including more than 7,000 in its professional services organisation. Compuware Corporation operates as a software company. The deal, which has been unanimously approved by the Compuware board, reflects a premium of . COMPUWARE : Shareholders Approve Definitive Agreement to Be Acquired by Thoma Bravo. BMC to Acquire Compuware. At closing, Thoma Bravo will acquire 100% of Compuware's outstanding shares and Compuware will become a privately-held company. It retained it's name but was stripped down to only 500 employees or so at that time and the opportunity for advancement became almost nil, but was otherwise still a great place to work. Compuware Corporation to Be Acquired by Thoma Bravo. Wednesday, September 3, 2014. Detroit-based Compuware, once the largest tech company in Michigan, is being sold to a bigger, competing software firm in Texas that is also owned by a private-equity firm. Compuware acquired Centura Software in 1990. Farmington Hills, Michigan-based Compuware Corp is to acquire Computer People Unlimited Inc, a Milwaukee-based computer services company that is evidently nothing to do with the London company with the similar name: Compuware plans to issue 820,000 shares, valuing Computer People at $29.1m; Computer People had 1993 turnover of about $29m and has 470 employees serving about 200 clients from . Over 5,800 organizations use these insights to master complexity, gain operational agility, and grow revenue by delivering the highest quality user experiences. which it acquired in 2011, and . 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