Compuware Completes Strategic Divestiture of Quality Solutions
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DETROIT, June 1, 2009 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR)
today completed an agreement for Micro Focus (LSE:MCRO) to acquire assets from
Compuware's Quality Solutions product line. With the completion of this $80
million transaction, about 300 employees and certain intellectual property
transitioned to Micro Focus.
"Completing this transaction dramatically increases Compuware's ability to focus
our people, technology and investments on solving IT's most strategic problems,
starting with ensuring applications perform flawlessly and deliver value back to
the business," said Compuware President and COO Bob Paul. "Compuware has the
differentiated technology -- and now the organizational alignment -- to build on
our current position and extend our global leadership in application
performance."
Newbury, England-based Micro Focus provides enterprise application management
and modernization solutions. Compuware and Micro Focus will continue to
collaborate to ensure that customers receive uninterrupted service and obtain
the full value of both companies' product capabilities.
Compuware Corporation
Founded in 1973, Compuware provides software, experts and best practices to
ensure applications work well and deliver business value. Our unique approach,
Business Service Delivery, helps CIOs optimize end-to-end application
performance for leading businesses around the world, including 46 of the top 50
Fortune 500 companies. Learn more at www.compuware.com.
The Compuware logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5950
Certain statements in this release that are not historical facts, including
those regarding the Company's future plans, objectives and expected performance,
are "forward-looking statements" within the meaning of the federal securities
laws. These forward-looking statements represent our outlook only as of the date
of this release. While we believe any forward-looking statements we have made
are reasonable, actual results could differ materially since the statements are
based on our current expectations and are subject to risks and uncertainties.
These risks and uncertainties are discussed in the Company's reports filed with
the Securities and Exchange Commission. Readers are cautioned to consider these
factors when relying on such forward-looking information. The Company does not
undertake, and expressly disclaims any obligation, to update or alter its
forward-looking statements whether as a result of new information, future events
or otherwise, except as required by applicable law.
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CONTACT: Compuware Corporation
Press Contact
Lisa Elkin, Vice President, Marketing and Communications
313-227-7345
lisa.elkin@compuware.com
Sales and Marketing Information
800-521-9353
One Campus Martius, Detroit, MI 48226
http://www.compuware.com
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