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Compuware Agrees To Acquire Gomez For $295 Mln In Cash - Update

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Compuware Corp. (CPWR), an application performance management software company, and web application experience management firm Gomez Inc. on Wednesday revealed the signing of a definitive agreement, whereby Compuware would acquire privately-held Gomez for $295 million in cash. The acquisition is expected to close in November.

Lexington, Massachusetts-based Gomez employs 272 people, most of whom, including the leadership team, is expected to remain with Compuware after the close of the transaction.

Gomez delivers its offering through a Software as a Service, or SaaS, model. According to the companies, with the addition of Gomez to Compuware's SaaS revenues, Compuware becomes the world's leading SaaS infrastructure management provider.

According to Compuware President and Chief Operating Officer Bob Paul, "Together, Compuware and Gomez provide the industry's only unified Application Performance Management solution, spanning the Enterprise and Internet. 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."

Jaime Ellertson, Chief Executive Officer and President of Gomez, said, "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."

CPWR closed Tuesday's regular trade at $7.18, up from the previous close of $7.16, on 1.92 million shares.

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