Sept. 02--Compuware's sale to a private equity firm for $2.5 billion does not mean the software firm will be leaving Detroit anytime soon, CEO Bob Paul told the Free Press today.
"Because we didn't sell it to a strategic competitor, we are firmly entrenched in Detroit," Paul said.
"The business will continue to operate as is, but just in a private setting now. The leadership team remains intact," Paul added.
Paul said Compuware's new owner-to-be, private equity firm Thoma Bravo, is experienced in working with software firms and existing management to improve operations.
"They really do know what they're doing," Paul added. "They understand technology . They've got a great track record of working with existing management teams to improve the businesses, which is great for our employees and great for our customers."
Compuware has 3,000 employees worldwide, about 1,100 to 1,200 of whom are based in the Detroit area. About 550 of those work for the Covisint's 82%-owned subsidiary, which Compuware plans to spin off as part of the Thoma Bravo deal.
Contact Tom Walsh: 313-223-4430 or firstname.lastname@example.org, also follow him on Twitter @TomWalsh_freep.
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