Compuware has signed a definitive agreement to merge with NuMega Technologies to try and boost its presence in the Windows NT development space.
The software house, which has traditionally sold server-based software testing and application management products to the mainframe world, has been trying for some time to break into the client/server space and sees NuMega, which provides error detection and debugging software to Windows developers, as a means of doing this.
Andrea Cross, Compuware?s marketing manager, said: ?In a nutshell, both companies saw that our combined businesses would make us leader in the software testing and debugging market across all platforms. In the long-term, the two product sets are likely to be merged, but in the short-term, we?ll continue selling them as separate lines and take advantage of NuMega?s different channels to market.?
NuMega sells its DevPartner portfolio mainly via distributors and a telesales organisation and Compuware, which sells almost exclusively direct, is currently evaluating whether these would be suitable channels for its own products.
The deal, which is valued at approximately $150 million on a pooling-of-interest basis, is expected to go through by the end of the month, when Compuware will issue about 3.3 million shares of its common stock to NuMega shareholders. Current NuMega option holders will also become holders of about 900,000 Compuware options.
None of NuMega?s 100 staff or management based in Nashua, New Hampshire and the UK are expected to lose their jobs, but the company will be absorbed into Compuware and no longer exist as a separate entity.
However, NuMega?s New Hampshire development centre will become Compuware?s fourth development laboratory and will be looked after by current NuMega management.
This long-sought progenitor star was identified in an image captured by Hubble in 2007
Intel's neural network USB stick could bring AI to the masses
Dubbed Barnard's star B, newly discovered planet is believed to be rocky
Also, what's a USB stick?