Compuware to Acquire Gomez
Category Frontrunners Unite to Deliver the First Unified Solution for Optimizing Application Performance Across the Enterprise-Internet Delivery Chain
DETROIT October 7, 2009
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.
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Compuware Corporation
Founded in 1973, Compuware provides software, experts and best practices to ensure applications work well and deliver business value. Compuware helps CIOs optimize end-to-end application performance for leading businesses around the world, including 46 of the top 50 Fortune 500 companies. Learn more at: http://www.compuware.com.
Conference Call Information
Compuware will host a conference call to discuss this agreement at 8:30 a.m. Eastern time (12:30 GMT) today. To join the conference call, interested parties from the United States should call 800-230-1092. For international access, the conference call number is +1-612-326-1027. No password is required. To download the presentation that will be used during the conference call, visit http://compuware.com/gomez.
A conference call replay will also be available. The United States replay number will be 800-475-6701, and the international replay number will be +1-320-365-3844. The replay passcode will be 118303. Additionally, investors can listen to the conference call via webcast by visiting the Compuware Corporation Investor Relations web site at http://www.compuware.com.
About Compuware Gomez
Gomez, the Web performance division of Compuware, provides the industry's leading solutions for optimizing the performance, availability, and quality of Web and mobile applications. The on-demand Gomez platform integrates solutions for Web load testing, Web performance management, Web 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. When combined with Compuware Vantage, Gomez offers the industry's only solution for optimizing application performance across the Enterprise and the Internet. Over 3,000 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.
Follow us on Twitter at: http://twitter.com/Gomez_Inc and http://twitter.com/compuware.
Compuware Corporation
Founded in 1973, Compuware provides software, experts and best practices to ensure applications work well and deliver business value. Compuware solutions optimize application performance across the Enterprise and the Internet for leading organizations around the world, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.
Press Contact
Brenda Menard
Gomez Division, Compuware Corporation
(781) 698-2393
bmenard@gomez.com
