Compuware Sells Changepoint

  ProjectsAtWork  

Marlin Equity Partners is set to acquire Compuware's Changepoint, Professional Services and Uniface business units for $160 million.

Compuware Corporation has signed an agreement for Marlin Equity Partners to acquire Compuware's Changepoint, Professional Services and Uniface business units. The $160 million transaction (subject to certain adjustments set forth in the agreement) is expected to close in January.

"The action we announced today represents another step in the strategic transformation we embarked on just a few years ago," said Bob Paul, president and CEO of Compuware. "This development, combined with our cost-cutting initiatives, will accelerate the pace of the company's topline revenue growth and result in future profitability gains. Changepoint, Professional Services and Uniface are solid businesses and were important components of the company's evolution. This move will enable them, as independent operating units, to flourish.

“As for Compuware, we now turn our full operational focus toward extending our APM leadership position and strengthening our mainframe business by driving enhanced innovation into our world-class solutions that in turn deliver superior value to our customers.”

Detroit-based Compuware reported total revenues of $944.5 million in 2013.

"The opportunity in front of us is …

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