DETROIT, Sept. 10, 2014 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR) today announced that it plans to operationally separate its mainframe and APM businesses and that the resulting mainframe-dedicated company will carry the Compuware name.
Compuware will thus become the world's leading mainframe-dedicated software company—exclusively committed to customers' next-generation mainframe challenges and opportunities. This commitment will substantially benefit the world's largest companies, which run their large-scale business-critical applications on mainframes and are likely to do so for many decades to come.
"In a world where business success increasingly depends on the extremely fast, scalable, reliable, secure and efficient processing of information, the unique qualities of the mainframe make it a more compelling platform than ever for the global enterprise," said Chris O'Malley, Compuware's President of Mainframe Operations. "These enterprise customers need a partner that is fully committed to delivering the innovative software solutions they need to preserve and extend their mainframe investments over the coming years—and we plan on being that partner."
Compuware announced on September 2 that it is being acquired by private equity investment firm Thoma Bravo, LLC. That acquisition provides the mainframe business the opportunity to focus on a long-term strategy.
According to O'Malley, Compuware expects to take advantage of the support from Thoma Bravo to invest in the resources necessary to deliver new, high-value capabilities to customers more quickly and responsively.
"Mainframe owners are presently being under-served, even though they are the world's largest companies and have very significant needs when it comes to transitioning their mainframe environments to meet the new demands of Big Data, pervasive mobility, the Internet of Things and other major trends impacting enterprise IT," said Orlando Bravo, a managing partner at Thoma Bravo. "Compuware is now uniquely positioned to address this market and, by doing so, become a strategic technology partner-of-choice for the world's largest companies."
About Compuware Mainframe Solutions
Compuware Mainframe Solutions empower the world's largest organizations to achieve their critical computing goals more quickly, reliably and resource-efficiently. Learn more at www.compuware.com/mainframe.
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