|
DETROIT--May 6, 2009--Compuware Corporation (NASDAQ: CPWR) today announced an important milestone in its Business Service Delivery strategy. The company has signed an agreement for Micro Focus (LSE.MCRO.L) to acquire assets from Compuware’s Quality Solutions product line, including development, sales and customer-support teams, as well as specific technologies. The $80 million transaction is expected to close this quarter and will impact about 330 employees.
“This move is another step in the Compuware 2.0 evolution announced last fiscal year,” said Bob Paul, President and Chief Operating Officer, Compuware Corporation. “It will allow Compuware to dedicate more investments and management focus to core categories where we can be best in the world. This transaction will result in more differentiated value for our customers and better bottom-line results for our shareholders and employees. Micro Focus will continue to provide the superior level of support that our Quality Solutions customers deserve.”
Going forward, Compuware will grow its leadership position by solving critical IT challenges in application performance and mainframe optimization. Simultaneously, the company will aggressively move to take market share in the IT portfolio management and healthcare collaboration markets.
“Our industry is at a strategic inflection point with the challenge of application performance,” continued Paul. “Poorly performing applications make companies less responsive, less competitive and less productive. New, disruptive technologies like Web Services, virtualization and cloud computing only increase the difficulty of getting applications to deliver value back to the business. By sharpening our focus, Compuware will provide customers with the most comprehensive, proven and scalable solutions for ensuring applications work well and deliver value, regardless of the technology or applications used.”
Micro Focus, a leading provider of enterprise application management and modernization solutions, is based in Newbury, England and has offices worldwide. Compuware and Micro Focus will collaborate to ensure that customers enjoy uninterrupted service and continue to receive the full value of both companies’ product capabilities.
“We are pleased to acquire Compuware’s Quality Solutions product line and key elements of the development, sales and customer-support teams. The quality and testing market is the next logical step in the evolution of Micro Focus and complements our existing Application Modernization and Management capabilities,” said Stephen Kelly, Chief Executive Officer, Micro Focus. “We are excited to extend our presence in this market, to meet the needs of both existing and new customers of these solutions.”
Source: Compuware website
|
