Concentration of Development Efforts to Reduce Costs and Increase Technical
Integration; Superior Customer Support Assured During and After Transition
DETROIT, Aug. 29 /PRNewswire-FirstCall/ -- Compuware Corporation
(Nasdaq: CPWR) today announced the further centralization of a number of
its product development activities. In particular, the company will:
-- Transition development of its Strobe product family from Cambridge,
Massachusetts to its Detroit headquarters, which will unify development
for all of Compuware's mainframe solutions.
-- Transition development of its Vantage Service Manager product from
Sydney, Australia to its Detroit headquarters, where the company
develops a number of its other Vantage products.
-- Transition development of its Optimal Trace product from Dublin,
Ireland to its Detroit headquarters, which will unify development for
the full spectrum of Compuware's Application Delivery Management
solutions.
These actions will reduce the company's operating costs by
approximately $13 million annually and will eliminate the positions of
approximately 100 employees. Compuware will maintain a sales presence in
each of these locations.
"This centralization of Compuware IT Service Management, Application
Delivery Management and mainframe expertise will strengthen technical
integration, increase synergy in development and deliver additional
efficiencies to the business," said Compuware Chief Information Officer
Chris Bockhausen. "The company will continue to invest significantly in the
technical excellence of these strategic solutions and will maintain
superior levels of support for all Compuware customers, during and after
this transition."
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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