Compuware has acquired application performance management (APM) company dynaTrace software in a $256 million cash acquisition deal, which closed on July 1, 2011.
With an established brand name that perhaps belies its relatively modest size, dynaTrace's 180 employees are all expected to remain with Compuware now that the deal is complete.
Compuware, for its part, is no doubt keen to get its hands on dynaTrace's PurePath technology — a solution built to optimize application performance (as well as new demands being made by cloud-based services) — by bridging the gap between development, test, and production teams.
"Organizations today depend on the rapid development and delivery of high-performing applications to drive revenues, customer satisfaction, and brand," said Compuware CEO Bob Paul.
"To meet these demands effectively, IT organizations must have visibility into the performance of every transaction, from development, through test, and in production. Together, Compuware and dynaTrace APM solutions allow IT to meet business demands for performance and agility through unbeatable insight into the user experience — whether in cloud, complex, or traditional environments," added Paul.
Rounding out the joint CEO back-slapping session, dynaTrace chief John Van SiclenOfficer is quoted as saying, "The APM market is undergoing a transformation; old tools simply can't meet the competitive requirements of modern applications. Compuware sees the same market shift and is committed to building next-generation APM solutions that bring customers greater value, with less effort, faster than ever before. We're excited to be a part of the Compuware team, which will allow us to meet and increase the skyrocketing demand for dynaTrace solutions."
