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Thoma Bravo completes take-private acquisition of Compuware Corporation

Thoma Bravo, a leading private equity investment firm, has completed its acquisition of Compuware Corporation in a transaction valued at approximately USD2.4 billion, or an aggregate value of USD10.75 per share. 

This includes a net cash payment of approximately USD10.39 per share of common stock and the value of Covisint 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,” says Orlando Bravo, a managing partner at 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,” says Bob Paul, chief executive officer of Compuware.

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