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Nasdaq:CPWR
Nasdaq
100
Compuware
Corporation
Compuware
Corporation makes IT rock around the world, helping CIOs optimize IT performance
to achieve business goals. 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 92 percent of the Fortune 50 companies. Learn more about Compuware
at
http://www.compuware.com
DETROIT, Nov. 9, 2009
(GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR) today completed
its acquisition of Gomez, Inc. Together, Compuware and Gomez deliver an
unmatched and unified solution for optimizing application performance across
the Enterprise and the Internet. Customers and industry analyst firms have
been enthusiastic and positive in their evaluation of the acquisition.
"At AutoTrader.com, we're
committed to ensuring top performance for our customers, and we use Compuware
and Gomez together to achieve that goal," said Cliff Goolsby, Sr. Director
Architecture, Engineering & Systems Assurance. "We use Compuware to
gauge responsiveness from inside our enterprise and Gomez to track performance
and availability from our customers' point of view, wherever they are on
the Internet. We're excited by the vision of integrating the two into the
industry's only end-to-end unified view spanning the Enterprise and the
Internet."
The closure of the $295
million cash transaction brings about 270 new employees to Compuware, including
the complete Gomez leadership team. Jaime Ellertson will remain with the
organization and serve as President of Gomez, the Web Performance Division
of Compuware.
"IDC believes the Gomez/Compuware
marriage is a good match with little overlap and lots of upside," wrote
Mary Johnston Turner and Tim Grieser of IDC in a report titled Compuware
Expands SaaS Portfolio With Gomez Acquisition. "With the completion of
the acquisition, Compuware will be able to address a customer's full range
of in-house and internet-based application performance management requirements
on an end-to-end basis."
Compuware will retain
the Gomez brand, technology portfolio and business model while moving purposefully
to achieve additional technical, sales and marketing synergies. Compuware
expects the acquisition to be operationally accretive this fiscal year.
The combination of the companies' significant SaaS revenues makes Compuware
the world's leading SaaS infrastructure management provider.
According to Jean-Pierre
Garbani in the Forrester Blog for Vendor Strategy Professionals, October
7, 2009: "This is a very interesting and potentially game changing move
in both the end user experience monitoring and the application performance
management (APM) markets."
"We're thrilled to welcome
the Gomez team to Compuware," said Compuware President and Chief Operating
Officer Bob Paul. "Together, Compuware and Gomez will-through a solution
that features rapid time-to-value, ease of use and real-time answers-give
IT and business executives the optimal application performance they need
to drive brand image, customer loyalty and revenue."
Gomez, the Web performance
division of Compuware, provides the industry's leading platform of Web
application experience management solutions used by organizations to optimize
the performance, availability and quality of their Web and mobile applications,
and proactively identify business-impacting issues. The on-demand Gomez
platform integrates solutions for Web load testing, Web performance management,
cross-browser testing and Web performance business analysis that test and
measure Web and mobile applications from the "outside-in" - across all
users, browsers, devices, and geographies - using a global network of over
100,000 locations. Over 2,500 customers worldwide, ranging from small companies
to large enterprises - including 12 of the top 20 most visited US Web sites
- use Gomez solutions to increase revenue, build brand loyalty, and decrease
costs.
Compuware
Q2 Earnings Per Share Surge 50 Percent Year-Over-Year to 12 Cents
* Income from operations
grows 52 percent from Q2 last year to $41.4M
* Software license
fees reach $50.1M in Q2
* Market leadership
drives year-over-year Vantage and Mainframe
software
license fee increases of 31 and 60 percent, respectively
* Professional
services margins nearly triple from year-ago period
to 11 percent
DETROIT, Oct. 22, 2009
(GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR) today announced
final financial results for its second quarter ended September 30, 2009.
"Compuware delivered
strong operational results this quarter, positioning the business now --
more than ever -- for long-term growth in revenue and continued improvement
in margins," said Compuware President and Chief Operating Officer Bob Paul.
"With Vantage and our definitive agreement to acquire Gomez creating an
unmatched ability to optimize application performance across the Enterprise
and the Internet, with market-leading Mainframe Solutions and with future
game-changers like Covisint, Compuware has structured its business to solve
our customers' most significant business and technology problems today
and in the years to come."
Compuware reports second
quarter revenues of $217.9 million, compared to $269.8 million in Q2 last
year. Second quarter earnings per share were 12 cents, compared to eight
cents in Q2 last year, based upon 236.1 million and 257.6 million shares
outstanding, respectively. Second quarter net income was $28.0 million
compared to $21.6 million in the same period last year.
"Compared to the year-ago
quarter, Compuware has divested peripheral product lines and exited unfavorable
services contracts, foregoing 60 million dollars in non-optimal revenue,"
continued Paul. "Reducing such revenues has almost doubled the company's
operating margin from 10 to 19 percent."
During the company's
second quarter, software license fees were $50.1 million compared to $35.7
million (excluding divested products) and $42.3 million (as reported) in
Q2 last year. Maintenance fees were $109.7 million in Q2 compared to $115.8
million (excluding divested products) and $124.7 million (as reported)
in the second quarter last year. Revenue from professional services in
the quarter was $58.1 million, compared to $102.9 million in the same quarter
last year.
Second Quarter Fiscal
Year 2010 Highlights
DETROIT, Oct. 21, 2009
(GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR) today announced
that it has joined the Cisco Developer Network as a Solution Developer
and that Compuware Vantage has successfully completed Cisco verification
testing for integration with the Cisco Network Analysis Module (NAM) product
line. The interoperable offering will provide IT organizations with an
enhanced view of network and application performance. This enhanced view
helps customers optimize network and application performance, reduce unnecessary
network costs and better manage network utilization of cloud computing
and Wide Area Network (WAN) optimization technologies.
The Cisco Network Analysis
Module family helps IT manage and improve application delivery by providing
visibility into network performance while Compuware Vantage IT service
management provides visibility into the application's performance. The
interoperability of these two solutions delivers enhanced visibility into
end-to-end network performance to help IT organizations to better understand
the network service quality and the business impact of application performance
degradation.
"Combining application
performance management and network monitoring will help an IT organization
view its network events in their application context," said Will Cappelli,
Research VP of Gartner. "This helps improve the availability of the network
infrastructure and shorten the response time for noticing and repairing
network issues."
The Cisco Developer Network
Program enables Cisco and third-party developers of hardware and software
to test interoperability of solutions for customers. Members of the program
share Cisco's strong commitment to customer service and satisfaction and
undergo interoperability testing based on criteria set by Cisco.
"IT organizations are
working to extend existing technology investments and deliver excellent
service to the business," said Steve Tack, Vice President, Vantage Product
Line, Compuware Corporation. "Compuware Vantage interoperating with Cisco
NAM will enable IT organizations to respond to poor application and network
performance before it affects the business. Performance problems can be
more easily isolated and corrected which will save IT resources and restore
service quickly."
Compuware Vantage provides
end-to-end management of application performance to ensure problems are
detected proactively and solved quickly and efficiently, and IT service
delivery is aligned with business needs. Compuware Vantage is the market's
only IT service management solution that integrates end-user experience
monitoring, application performance management and business service management
into a single offering.
Compuware to Acquire Gomez
Teleconference
DETROIT and LEXINGTON,
Mass., Oct. 7, 2009 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR)
and Gomez today announced the signing of a definitive agreement for Compuware
to acquire privately-held Gomez, Inc. Compuware is the world's leading
application performance management software company, and Gomez is the leader
in Web application experience management. The $295 million cash acquisition
is expected to close in November of 2009.
"Together, Compuware
and Gomez provide the industry's only unified Application Performance Management
solution, spanning the Enterprise and Internet," said Compuware President
and Chief Operating Officer Bob Paul. "For business and IT executives who
are moving more business-critical applications onto the Internet, Compuware
can now offer unified visibility, isolation and resolution of application
performance problems from the data center to the customer. Competitive
offerings only cover isolated portions of the Enterprise-Internet application
delivery chain."
Headquartered in Lexington,
Massachusetts, Gomez employs 272 people around the world. Substantially
all of these employees, including the leadership team, are expected to
remain with Compuware after the close of the transaction.
"This agreement marks
a fundamental breakthrough in how IT and business leaders can manage the
performance of all the applications that drive their businesses," said
Jaime Ellertson, Chief Executive Officer and President, Gomez. "The complementary
nature of our products and our already-existing product integration will
allow Compuware and Gomez to rapidly deliver dramatically extended value
to our mutual customers."
"Compuware's financial
strength, its R&D horsepower, and its geographic reach will benefit
both our employees and our customers," said Richard Brekka, Chairman of
the Board, Gomez.
With the addition of
Gomez -- which delivers its offering through a Software as a Service (SaaS)
model -- to Compuware's SaaS revenues, Compuware becomes the world's leading
SaaS infrastructure management provider. SaaS continues to become a more
desirable way to acquire software due to a lower cost of ownership and
faster, easier adoption and maintenance.
For complete details
on how this agreement sets the new standard for managing the performance
of business applications, visit http://www.compuware.com/gomez.
The completion of the
transaction is subject to customary government approvals and the satisfaction
of other customary conditions.
Follow us on Twitter
at: http://twitter.com/compuware.
Compuware Increases Year-over-year
Earnings Per Share 17 Percent to 55 Cents; Business Service Delivery Strategy
Positions Company for Further Earnings Growth
May 14, 2009 (GlobeNewswire
via COMTEX News Network) --
* Income from operations
increases 28 percent year-over-year to $185.1 Million
* FY '09 cash flow
from operations of $232.0 million exceeds guidance
* Fiscal discipline
reduces year-over-year operating expense by $179.4 million
DETROIT, May 14, 2009
(GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR) today announced
final financial results for its fourth quarter and fiscal year ended March
31, 2009.
"Our Compuware 2.0 initiative
has made Compuware a healthier, more focused business and poised the company
for long-term, meaningful growth in earnings," said Compuware President
and Chief Operating Officer Bob Paul. "With a smaller and more profitable
Professional Services business and a more focused and strategic product
portfolio, our potential for success has never been greater. Through our
Business Service Delivery approach, we will capitalize on our market leadership
position in end-to-end application performance to meet the growing and
ever-more critical demand that applications deliver value back to the business."
Fiscal Year 2009 Results
During the fiscal year
ended March 31, 2009, revenues were $1.09 billion, compared to $1.23 billion
in the previous fiscal year. Net income was $139.6 million, up from $134.4
million in fiscal 2008. Earnings per share were 55 cents, an increase of
17 percent from 47 cents in fiscal 2008, based upon 252.4 million and 287.6
million shares outstanding, respectively.
During fiscal 2009, software
license fees were $219.6 million, and maintenance revenue was $479.5 million.
Professional services fees for fiscal 2009 were $391.4 million.
Fourth Quarter Fiscal
2009 Results
During the fourth quarter,
revenues were $253.4 million. Net income was $48.4 million, and earnings
per share were 20 cents. During the company's fourth quarter, software
license fees were $55.5 million, and maintenance fees were $111.6 million.
Fourth quarter revenue from professional services was $86.3 million.
Fourth Quarter Fiscal
Year 2009 Highlights
During the fourth quarter,
Compuware:
* Announced that
Partners HealthCare-one of the largest integrated
healthcare
systems in the U.S.-selected Compuware Vantage for end-
to-end visibility
into the clinician end-user experience with its
electronic
medical records (EMR) system.
* Announced that
Compuware Vantage and Strobe provide end-to-end
visibility
into the performance of applications that span both
distributed
and mainframe transaction systems. This integrated
approach
to Business Service Delivery enables IT operations and
management
to quickly predict, isolate and resolve performance
challenges
from the end-user perspective, increasing internal and
external
customer satisfaction.
* Jump-started
Application Portfolio Management initiatives by
offering
a pre-configured version of its market-leading IT
portfolio
management solution, Changepoint.
* Announced that
its Covisint subsidiary will provide the VIP Health
Initiative
with a collaborative network for the secure sharing of
sensitive
patient information and improved physician collaboration.
The VIP
Health Initiative was formed by Scripps Mercy Physician
Partners,
SMPP Services and Physician Partners Management Services
to enhance
the quality of care delivered while also providing key
clinical,
administrative and regulatory efficiencies.
* Revealed the
results of a study on application performance
conducted
by Forrester Consulting and commissioned by Compuware,
which showed
that 64 percent of the respondents believe that poor
application
performance causes significant financial losses.
Despite
these losses the study also showed IT takes a costly and
reactive
approach to Application Performance Management.
Compuware Corporation
(Nasdaq: CPWR) today announced that it will report results for its third
quarter -- ended December 31, 2008 -- after market-close on January 28,
2009. The company will also hold a conference call to discuss these results
at 5:00 p.m. Eastern time (22:00 GMT) on January 28.
LOS
ANGELES, Oct 27, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
Compuware Corporation (Nasdaq: CPWR) today announced at the Microsoft Professional
Developers Conference 2008 (booth #118), the latest version of its award-winning
code quality solution, Compuware DevPartner Studio 9.0. This new version
improves an IT organization's ability to diagnose software security vulnerabilities,
defects and performance problems early in the development process -- when
problem resolution is most cost-effective.
"Microsoft
is pleased to see Compuware's continued commitment to innovate its code
quality solutions and provide support for Microsoft technologies," said
Joe Marini, Director of the Developer Tools Ecosystem team at Microsoft
Corp. "DevPartner Studio supports Microsoft Visual Studio 2008 to improve
communication and collaboration among developers and testers. With knowledgeable
advice, coding standards and best practices built in, DevPartner Studio
enables development and testing teams to build and deploy Microsoft applications
with confidence."
Identify
and Resolve Security Vulnerabilities in Source Code
With
attacks on Web applications increasing in scope and size, the need for
application security has never been greater. DevPartner Studio 9.0 scans
Microsoft ASP.NET application source code to find security problems before
they become deeply embedded in the code base.
By
scanning application source code at compile time, DevPartner Studio can
pinpoint unsafe coding practices to the exact method and line of code.
The security scanning feature checks each line of ASP.NET code for more
than 200 security vulnerabilities and suspicious behaviors.
Track
Code Quality With Integrated, Management-level Reporting and Metrics
DevPartner
Studio 9.0 now offers integrated reporting, producing code quality reports
that managers and team leads can review easily using a Web browser. Important
metrics and summary-level information enable managers to quickly understand
the quality and stability of the code base from the earliest stages of
development through the final QA testing phase. Customizable reports are
provided for a range of reporting needs, including code quality, code review,
error detection, performance, code coverage and more.
"I
found DevPartner Studio 9.0 to be a fantastic and welcomed addition to
our software development process," said a software engineer from a leading
global provider of data warehousing and analytic technologies. "The integration
into Visual Studio was seamless, and the code analysis was extremely in-depth.
Any .NET software will benefit greatly from using DevPartner. Executing
the reporting functionality in an automated fashion allowed my developers
to continue coding, while the reports were available at their fingertips."
Support
for New and Legacy Microsoft Technologies
DevPartner
Studio 9.0 now supports 32-bit application development on Microsoft Windows
x64 platforms as well as a number of new .NET Framework technologies, including:
-- Visual Studio 2008 and Visual Studio Team System 2008
-- Windows Server 2008
-- .NET Framework 3.5
-- Windows Presentation Foundation (WPF)
-- Language Integrated Query (LINQ)
-- ASP.NET AJAX Extensions
Recognizing
that IT environments are comprised of both new and legacy applications,
DevPartner Studio 9.0 provides support for the latest Microsoft technologies
as well as targeting legacy applications built with Visual Studio 6.0,
Visual Basic 6.0, Visual C++ 6.0, Visual Studio .NET 2003, and the .NET
Framework 1.1.
"As
a founding member of the Visual Studio Industry Partner (VSIP) program,
Compuware has a long history of adding value to Microsoft Visual Studio,"
said Kim Turner, Vice President of Compuware Quality Solutions. "DevPartner
Studio 9.0 further demonstrates Compuware's commitment to the Microsoft
platform by helping Windows applications teams improve software quality,
maximize developer productivity and deliver superior software reliability."
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