LOS ANGELES, January 8, 2014 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has signed a definitive agreement with Compuware Corporation (NASDAQ: CPWR) (“Compuware”) to acquire two software divisions, Changepoint and Uniface, and the IT services business, Professional Services. Marlin plans to carve-out the three businesses from Compuware to create a standalone entity. The $160 million transaction is expected to close in January.
Changepoint provides a comprehensive software solution that helps professional services organizations drive growth by integrating professional services automation, project and portfolio management and business analytics for its global customers. Uniface provides scalable, model-driven software that allows developers to efficiently build and deploy mission-critical enterprise applications. Professional Services offers a broad range of IT services for distributed, mainframe and mobile environments, and provides guidance to its customers that helps maximize the value of their technology.
“In Marlin, we found the perfect company to partner with on this transition. Marlin has a proven history of acquiring solid businesses that were previously part of a larger organization and turning these businesses into highly successful independent entities,” said Bob Paul, President and Chief Executive Officer, Compuware.
Steve Johnson, a partner at Marlin, added, “We are very excited about the opportunity to acquire three leading technology businesses and look forward to providing financial and operational support to facilitate the continued growth and success of each platform. This transaction is a testament to Marlin’s ability to provide creative solutions for global institutions undergoing strategic change.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $2.6 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 70 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.