Monday, November 9, 2009

Compuware completes Gomez buyout

By Galen Moore

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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 software, which Compuware (Nasdaq: CPWR) 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 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.