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What is Compuware Corporation mean?
Compuware Corporation was an American software company with products aimed at the information technology (IT) departments of large businesses. The company's services also included testing, development, automation, and performance management software for programs running on mainframe computer systems. The company had its headquarters in Detroit, Michigan.
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, Compuware completed its initial public offering (IPO) and traded on the NASDAQ under the symbol CPWR. At the end of 1998, Compuware surpassed the US$1 billion revenue mark. In 1999 and built a new headquarters building in Campus Martius Park in Detroit, Michigan.
In December 2014, Compuware was acquired by private equity firm Thoma Bravo for approximately $2.5 billion and became a privately held company. In the years that followed, the company experienced a period of growth and reinvention of mainframe software. In March 2020, Compuware reached deal to sell to Houston-based enterprise software company BMC Software for $2 billion, the largest acquisition in BMC's history. Compuware ceased to exist as a company, but all Compuware products remain available under the name BMC Compuware.
referencePosted on 02 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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