United States : Compuware completes Gomez buyout.Byline: Mamta03 Compuware Corp. reports it has completed its acquisition of Gomez Inc. The Gomez acquisition for $295 million in cash was announced Oct. 9 by the two companies. Lexington-based Gomez makes web application testing application testing - system testing software, which Compuware (Nasdaq: CPWR CPWR Center to Protect Workers' Rights (now Center for Construction Research and Training) CPWR Council for a Parliament of the World's Religions CPWR Coupled Plasma-Waveguide Resonance ) plans to add to its current offering of enterprise software analytics. With today s announcement, Detroit-based Compuware reiterated that it intends to bring all 272 of Gomez employees into its fold. Gomez had been in an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. holding pattern since filing papers for a public stock offering last May. Financial reports filed since then indicate the company reached profitability for the first time in the first half of 2009, bringing in $26.6 million in revenue in that period an increase of 25.6 percent over the same period in 2008. The growth resulted in net income of $1.9 million for the first six months of 2009. Gomez lost $868,000 in the same time period of 2008. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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