Centralization to Reduce Costs, Increase Technical Synergy and Integration
DETROIT, June 11 /PRNewswire-FirstCall/ -- Compuware Corporation
(Nasdaq: CPWR) today announced the realignment and centralization of a
number of its product development activities. This action will reduce the
company's operating costs by approximately $25 million annually and will
eliminate the positions of approximately 245 employees. Specifically, the
company plans to:
-- Transition development of its DevPartner product family from Merrimack,
New Hampshire to its Detroit headquarters. The company will maintain
its sales presence in Merrimack.
-- Transition development of its ApplicationVantage product from San Diego
to its Gdansk, Poland facility, where the company develops a number of
its other Vantage products. The company will maintain its sales
presence in San Diego.
-- Transition development of its OptimalJ product from Amsterdam to its
Detroit headquarters. Compuware will continue to develop its Uniface
product family in Amsterdam, where it will also maintain its sales
presence.
"Compuware will continue to enhance and invest in these products,
particularly in strategic solutions such as ApplicationVantage, DevPartner
Studio and Uniface," said Compuware Chief Information Officer Chris
Bockhausen. "The company has planned very carefully to ensure that it
maintains a high level of service and technical support for all of its
customers during and after this transition."
Through this realignment, Compuware and its customers will benefit from
increased technical synergy and integration as the company consolidates its
application network performance expertise in Gdansk and its application
delivery and application quality expertise in Detroit. This centralization
will create a critical mass of talented and experienced developers,
architects, technical communicators and business leaders to move these
solutions forward.
Compuware Corporation
Compuware Corporation maximizes the value IT brings to the business by
helping CIOs more effectively manage the business of IT. Compuware
solutions accelerate the development, improve the quality and enhance the
performance of critical business systems while enabling CIOs to align and
govern the entire IT portfolio, increasing efficiency, cost control and
employee productivity throughout the IT organization. Founded in 1973,
Compuware serves the world's leading IT organizations, including more than
90 percent of the Fortune 100 companies. Learn more about Compuware at
http://www.compuware.com.
Press Contact
Lisa Elkin, Vice President, Compuware Communications and Investor
Relations, lisa.elkin@compuware.com, 313-227-7345
Certain statements in this release that are not historical facts,
including those regarding the Company's future plans, objectives and
expected performance, are "forward-looking statements" within the meaning
of the federal securities laws. These forward-looking statements represent
our outlook only as of the date of this release. While we believe any
forward- looking statements we have made are reasonable, actual results
could differ materially since the statements are based on our current
expectations and are subject to risks and uncertainties. These risks and
uncertainties are discussed in the Company's reports filed with the
Securities and Exchange Commission. Readers are cautioned to consider these
factors when relying on such forward-looking information. The Company does
not undertake, and expressly disclaims any obligation, to update or alter
its forward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable law.
SOURCE Compuware Corporation
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Related links:
http://www.compuware.com/
http://www.prnewswire.com/comp/112310.html/
CONTACT:
Lisa Elkin, Vice President, Compuware
Communications and Investor Relations of Compuware Corporation,
+1-313-227-7345, lisa.elkin@compuware.com
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