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.
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