Compuware, the Detroit-based mainframe computer software company founded by Peter Karmanos, is being sold to Houston-based information technology company BMC. Details and financial terms of the transaction were not disclosed when the proposed sale was announced Monday.
Founded in 1973 in Farmington Hills, Compuware went public in 1992, moved to Detroit in 2003, and was purchased by Chicago-based Thoma Bravo in 2014 for $2.4 billion. After the sale, Compuware was divided into two separate entities: Compuware in Detroit, and Dynatrace in Boston. Dynatrace focused on real-time software management and maintenance.
Compuware’s current business clients include some of the world’s largest companies, helping them excel in the digital economy by taking advantage of their mainframe investments.
“Compuware is the proven and trusted partner in mainstreaming the mainframe for Agile and DevOps, and we are thrilled to now be joining forces with BMC in reinventing the future of the platform,” says Chris O’Malley, CEO of Compuware. “Both companies have been leaders in mainframe innovation over the last five years and we look forward to combining our complementary solution strengths and common passion for accelerating our customers’successful digital transformations. Without a doubt, a combined BMC and Compuware is the best, brightest, and most collaborative partner for a new generation of mainframe stewards.”
The transaction, expected to be completed in the coming months subject to customary closing conditions, builds on BMC’s record of investing in growth, according to the company.
“BMC continues to be focused on evolving and investing in our portfolio to address and even anticipate the needs of our customers, helping them to succeed today and into tomorrow,” said Ayman Sayed, president and CEO of BMC. “It’s the ideal time to bring Compuware into our portfolio as the traditional mainframe AppDev market transitions to DevOps.”