Tuesday, September 2, 2014

Thoma Bravo Buys CompuWare

San Francisco-based private equity investor Thoma Bravo said today that it is acquiring Detroit-based CompuWare Corporation, a developer of application performance and mainframe software. The deal is worth approximately $2.5 billion. According to CompuWare, its shareholders will receive approximately $10.92 per share--or a premium of approximately 17 percent to its last trading on Friday. CompuWare said the move will help it focus on its core mainframe and APM business.