United States : Compuware to acquire Gomez in cash deal.Compuware Corp. plans to acquire Web-software developer Gomez Inc. for $295 million cash effectively shelving shelv·ing n. 1. Shelves considered as a group. 2. Material for shelves. 3. An incline; a slope. shelving Noun 1. material for shelves 2. Gomez s plan for an initial public offering of stock (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. ). The acquisition is expected to close next month. Detroit-based 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 Gomez Web application-testing software to its current offering of enterprise software and performance-management products. While Compuware has focused on software applications used on enterprise servers, Gomez products are designed to handle cross-browser testing; Web load and performance testing Performance Testing covers a broad range of engineering or functional evaluations where a material, product, or system is not specified by detailed material or component specifications: Rather, emphasis is on the final measurable performance characteristics. ; Web performance management; and business analytics related to Web performance. Lexington, Mass.-based Gomez has been in an IPO 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. In the first half of 2009, Gomez generated $26.6 million in revenue an increase of 25.6 percent over the same period in 2008. The company booked net income of $1.9 million for the first six months of 2009. Gomez lost $868,000 in the same time period in 2008. Compuware intends to retain substantially all of Gomez 272 global employees, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company s prepared statements about the deal. The move appears to represent a successful exit for Gomez backers ABS Ventures, AdAstra, Dolphin Equity Partners and Doughty dough·ty adj. dough·ti·er, dough·ti·est Marked by stouthearted courage; brave. [Middle English, from Old English dohtig; see dheugh- in Indo-European roots. Hanson & Co. Since its founding in 1997, those investors have put $66 million into Gomez. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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