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Compuware Relocates Additional Product Development Activities to Detroit Headquarters
Concentration of Development Efforts to Reduce Costs and Increase Technical Integration; Superior Customer Support Assured During and After TransitionDETROIT--August 29, 2007--Compuware Corporation (NASDAQ: CPWR) today announced the further centralization of a number of its product development activities. In particular, the company will:
These actions will reduce the company’s operating costs by approximately $13 million annually and will eliminate the positions of approximately 100 employees. Compuware will maintain a sales presence in each of these locations. "This centralization of Compuware IT Service Management, Application Delivery Management and mainframe expertise will strengthen technical integration, increase synergy in development and deliver additional efficiencies to the business," said Compuware Chief Information Officer Chris Bockhausen. "The company will continue to invest significantly in the technical excellence of these strategic solutions and will maintain superior levels of support for all Compuware customers, during and after this transition." Compuware CorporationCompuware Corporation maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. 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 more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/.
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