Menu
Compuware switches to private ownership

Compuware switches to private ownership

Thoma Bravo is purchasing the enterprise infrastructure software for $2.5 billion

Freeing itself from the fetters of public-investor expectations, IT infrastructure company, Compuware, is becoming privately held, with equity investment firm, Thoma Bravo, purchasing the company outright for approximately $US2.5 billion.

"Compuware is now best suited to focus on its core mainframe and [application performance management] businesses as a private-equity backed company, " said Bob Paul, Compuware CEO, in a statement, adding that the move will give the company more flexibility to manage its business with a long term vision.

Current shareholders of Compuware will get an aggregate value of approximately $US10.92 per share, a 17 per cent bump from the company's stock price at the close of trading on Friday.

Another IT infrastructure company that became privately-held after being publicly traded was BMC, who went through the process in 2013. BMC officials have said that being free from the quarterly expectations of shareholders allows the company to make longer-term investments in new technologies and markets.

The Compuware board of directors has unanimously approved the agreement, which is still subject to approval by Compuware's shareholders, as well as by regulatory bodies.

Founded in 1973, Compuware specializes in application performance management software, as well as software for managing mainframes. The company has about 7100 enterprise customers worldwide. For its fiscal year 2014, ended March 31, Compuware generated approximately $US720.8 million in revenue, down 0.4 per cent from the previous fiscal year. In September 2013, Compuware spun out Covisint, which now provides cloud management software, in an initial public offering.

Thoma Bravo had also invested in BMC before that company went private, and also owns stock in storage giant EMC. The firm manages about $US7.5 billion worth of investments.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesinvestmentsrestructuringCompuware

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments