Exhibit 99.1
NEWS RELEASE
COMPUWARE CORPORATION
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Corporate Headquarters COMPUWARE [LOGO]
One Campus Martius o Detroit, Michigan 48226
(313) 227-7300
For Immediate Release
August 29, 2007
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 Transition
DETROIT--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:
o Transition development of its Strobe product family from Cambridge,
Massachusetts to its Detroit headquarters, which will unify
development for all of Compuware's mainframe solutions.
o Transition development of its Vantage Service Manager product from
Sydney, Australia to its Detroit headquarters, where the company
develops a number of its other Vantage products.
o Transition development of its Optimal Trace product from Dublin,
Ireland to its Detroit headquarters, which will unify development
for the full spectrum of Compuware's Application Delivery Management
solutions.
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 Corporation
Compuware 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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Compuware Centralizes Additional Product Development Activities to
Detroit Headquarters
August 29, 2007
Press Contact
Lisa Elkin, Vice President, Compuware Communications and Investor Relations,
lisa.elkin@compuware.com, 313-227-7345
Certain statements in this release that are not historical facts, including
those regarding the Company's future plans, objectives and expected performance,
are "forward-looking statements" within the meaning of the federal securities
laws. These forward-looking statements represent our outlook only as of the date
of this release. While we believe any forward-looking statements we have made
are reasonable, actual results could differ materially since the statements are
based on our current expectations and are subject to risks and uncertainties.
These risks and uncertainties are discussed in the Company's reports filed with
the Securities and Exchange Commission. Readers are cautioned to consider these
factors when relying on such forward-looking information. The Company does not
undertake, and expressly disclaims any obligation, to update or alter its
forward-looking statements whether as a result of new information, future events
or otherwise, except as required by applicable law.