The sale of Compuwareis nota surprise because private-equity firms typically sell their acquisition targets within five or so years after making a lot of changes and cost-cutting moves, including layoffs. +1 to the person above who said they actively avoid companies owned by private equity firms. I have a job offer at proofpoint and They are saying there wont be layoffs. Industry: Investment & Asset Management. Thoma Bravo Leadership wont provide a breakdown of which offices and departments experienced the greatest cuts or how leadership decided who would be cut, but the direct managers Ive spoken with indicated they were not involved, so these decisions were likely made by upper management who does not know what the individuals they let go actually do for the company. Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #venafi, Go to company page Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. Slain Detroit neurosurgeon's home broken into night before his funeral, Report: Compuware's private equity owner exploring sale, Your California Privacy Rights / Privacy Policy. "Without a doubt, a combined BMC and Compuware is the best, brightest, and most collaborative (partnership) for a new generation of mainframe stewards," he said in the news release. Compuware, a Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. The global Quote Management Software market size is projected to reach multi million by 2030, in comparision to 2021, at unexpected CAGR during 2023-2030 (Ask for Sample Report). By Cromwell Schubarth TechFlash Editor, Silicon Valley How was the transition, Detroit's Compuware sold to Texas company - Detroit The untold tale of Compuware, Karmanos and a bitter breakup. Numbers were shared each week with colleagues about the state of the company, and at no point did it look like we were anywhere close to being in the red our profits had slowed below what our predicted growth had been, but we were still profitable. Compuware has been owned since December 2014by private-equity firm Thoma Bravo, which acquired it in a $2.4-billion leveraged buyout. Thoma Bravo has made 40 investments. ContactJC Reindl at313-222-6631 or jcreindl@freepress.com. Thoma Bravo Thoma Bravo Compuware's revenue gradually declined and itsemployee headcount fell.