Compuware

Compuware Corporation
Company type
Public
Nasdaq: CPWR
IndustryInformation technology
Founded1973; 53 years ago (1973)
FounderPeter Karmanos, Jr.
Thomas Thewes
Allen B. Cutting
Defunct2020 (2020)
FateAcquired by BMC Software
Headquarters
Detroit, Michigan
,
United States
ProductsEnterprise software
ServicesIT services
Websitebmc.com/it-solutions/brands/compuware.html

Compuware was an American software company based in Detroit.[1] The company developed enterprise software primarily for mainframe computing environments and provided related services, including software testing, development, and performance management.

The company ceased to operate as an independent entity in 2020 following its acquisition by BMC Software.

History

Original Compuware logo

In 1973, Peter Karmanos Jr., Thomas Thewes, and Allen B. Cutting established Compuware Corporation to provide clients with professional technical services. By 1978, Compuware opened its first remote office to service the Washington, D.C., and Baltimore area. In 1992, the company completed its initial public offering (IPO) and traded on the NASDAQ under the symbol CPWR. At the end of 1998, Compuware surpassed the $1 billion revenue mark.[citation needed]

In 2003, Compuware moved its headquarters from Farmington Hills, Michigan, to a new headquarters building in downtown Detroit.[2][3] In 2014, Compuware sold its headquarters building, later renamed One Campus Martius, following its acquisition by Thoma Bravo. In December of that year, Compuware was acquired by private equity firm Thoma Bravo for approximately $2.5 billion, becoming a privately held company.[4] Following its acquisition by Thoma Bravo, Compuware shifted its focus toward modernizing and consolidating its mainframe software portfolio.[5]

In March 2020, Compuware was acquired by BMC Software for $2 billion.[6][7][8] Compuware ceased to exist as a company, but all of its products remain available under the name BMC Automated Mainframe Intelligence (BMC AMI).[9] In October 2022, it was announced that BMC's Detroit office will return to the northwest suburbs of Detroit, moving from One Campus Martius downtown to the Southfield Town Center in nearby Southfield.[10][11]

Acquisitions

Between 2016 and 2020, Compuware acquired several software companies focused on mainframe development, testing, and data management technologies, including ISPW (2016), Itgrations (2016), and MVS Solutions (2017).[12][13][14][15]

References

  1. ^ "Compuware World Headquarters". Emporis. Archived from the original on October 5, 2012. Retrieved 12 March 2013.
  2. ^ Laitner, Bill (2003-12-18). "Oakland County is unfazed as jobs move to Detroit". Detroit Free Press. Gannett. pp. 6B.
  3. ^ "Contact Us". Compuware. Archived from the original on 2000-08-15. Retrieved 2022-04-13.
  4. ^ "Thoma Bravo Completes Take-Private Acquisition of Compuware Corporation in $2.4b Deal". Thoma Bravo. Archived from the original on 2014-12-30. Retrieved 2014-12-15.
  5. ^ Reindl, J. C. "Compuware reinvents itself after midlife crisis". Detroit Free Press. Retrieved 2021-06-22.
  6. ^ Reindl, J. C. "Detroit-based Compuware finalizes latest buyout, gets new name". Detroit Free Press. Retrieved 2021-06-22.
  7. ^ Clabby, Joe (2020-03-05). "Why BMC+Compuware Is a Textbook Acquisition Case". eWEEK. Retrieved 2021-06-22.
  8. ^ "BMC Software adquiere Compuware". DealerWorld (in Spanish). 2020-03-03. Retrieved 2021-06-22.
  9. ^ "BMC Automated Mainframe Intelligence - BMC Software". www.bmc.com. Retrieved 2023-04-06.
  10. ^ Reindl, J.C. (2022-10-26). "Compuware could leave downtown Detroit for Southfield". Detroit Free Press. Gannett. Retrieved 2022-10-30.
  11. ^ Reindl, J.C. (2022-10-27). "Mayor: Compuware is definitely coming to Southfield". Detroit Free Press. Gannett. Retrieved 2022-10-30.
  12. ^ ISPW in January 2016
  13. ^ Standardware in December 2016
  14. ^ "BMC Compuware - BMC Software".
  15. ^ MVS Solutions in January 2017
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Wikimedia Commons has media related to Compuware.
  • Official website
    • Historical business data for Compuware Corp:
    • SEC filings

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