Compuware acquires IT governance market-leader Changepoint

Compuware Governance solution to help manage and measure IT performance; align IT investments with business priorities

Hong Kong - 28 April 2004 - Compuware Corporation has signed a definitive agreement to acquire privately held Changepoint Corporation for US$100 million in cash. The acquisition will augment Compuware's ability to help CIOs effectively manage scarce resources to maximise the value IT brings to the business.

"CIOs need to be able to clearly measure, allocate and demonstrate the value they bring to the business," said Steve Jobson, Senior Vice President, Compuware Asia Pacific. "Compuware will now be able to offer CIOs unmatched insight and visibility into their people, projects, resources and applications. Our award-winning solutions and experience in development, quality assurance and performance management - as well as our understanding of both distributed and legacy systems - will make Compuware's governance offering the broadest available today."

Founded in 1992 and headquartered in Toronto, Changepoint helps IT organisations by providing critical insight into IT spending, operations and management. For the 12 months ending on 31 March 2005, Changepoint's revenues are expected to be US$30 million. Approximately 190 employees are expected to join Compuware and form a new business unit as a result of this transaction.

"Companies invest great sums managing business-driving applications," said Dion Wiggins, research director at Gartner. "IT governance is a proactive way for CIOs to engage with the business, providing IT executives with the visibility they need to ensure that these technology investments achieve tangible business results. Clearly, CIOs could greatly benefit from an IT governance solution that helps them enhance the effectiveness of their organisation across the application lifecycle."

The Compuware IT Governance offering will enable CIOs to:

More easily and accurately quantify and measure the business value of technology investments across distributed and legacy architectures through a straightforward "dashboard" approach.
Bring IT governance to the development phase of the application lifecycle, where most IT budgets are spent and 80 per cent of defects are introduced.
Communicate effectively with line-of-business partners and other stakeholders.
Integrate business and IT cultures to foster better collaboration.

Compuware Corporation, a multi-billion dollar company, provides business value through software and professional services that optimise productivity and reduce costs across the application lifecycle. Meeting the rapidly changing needs of businesses of all sizes, Compuware's market-leading solutions improve the quality, ease the integration and enhance the performance of distributed, e-business and enterprise software. For more information about Compuware, please visit Compuware at http://www.compuware.com/.

About Compuware

Compuware Corporation, a leading provider of software and technology services, delivers industrial-strength solutions for the enterprise computing environment that dramatically improve productivity, quality and performance across the application life cycle. For more information about Compuware, please visit http://www.compuware.com.

For sales or marketing information:
Room 813-821, Cyberport 1
100 Cyberport Road
Pok Fu Lam, Hong Kong
Ph: +852 25740619
Email: information.hk@compuware.com

For more information, please contact:
Francessca Ye (Compuware): (852)
francessca.ye@compuware.com

Ruth Brown/Katie Lee (EBA): (852) 2537 8022
ruth@eba.com.hk/katie@eba.com.hk