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Thoma Bravo Completes Take-Private Acquisition of Compuware

For $2.4 billion

Thoma Bravo LLC, a private equity investment firm, has completed its acquisition of Compuware Corporation in a transaction valued at approximately $2.4 billion, or an aggregate value of $10.75 per share.

This includes a net cash payment of approximately $10.39 per share of common stock and the value of Covisint Corp.‘s shares previously distributed to holders of Compuware equity.

With the transaction completed, Compuware’s stock has ceased trading on the NASDAQ under the ticker symbol CPWR.

Compuware has established market-leading franchises in both application performance monitoring and mainframe solutions,” said Orlando Bravo, managing partner, Thoma Bravo. “The Thoma Bravo team is excited to bring our expertise to both divisions to help fuel innovations that will benefit their growing customer bases.”

The close of this transaction marks an exciting outcome to what has been a multi-year business transformation to deliver value to shareholders and customers alike, and I could not be more pleased with the outcome,” said Bob Paul, CEO, Compuware.

More than 7,100 companies, including many of the world’s largest organizations, depend on Compuware and its generation approach to performance management.