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Compuware and IBM Ink $400 Million Software and Services Relationship;
Settle All Outstanding Litigation
Compuware Corporation (NASDAQ: CPWR) has entered into a software, services
and technology relationship with IBM and settled all outstanding litigation
between the enterprises. As a result of this agreement, IBM will license
$140 million of Compuware software over four years and has offered to
purchase $260 million of Compuware services over four years.
"This agreement benefits the customers, shareholders and employees
of both IBM and Compuware," says Compuware Chairman and CEO Peter
Karmanos, Jr. "Compuware software and services will help IBM increase
productivity and reduce costs throughout its business and the businesses
of its customers. Compuware is committed to continue providing value to
IBM and to the customers of IBM technology."
- The agreements announced today between Compuware and IBM includes
provisions related to:
IBM Purchase of Compuware Products and Services-IBM will license $140
million of Compuware software over four years and has offered to purchase
$260 million of Compuware services over four years. Compuware and IBM
will establish a joint task force to ensure that IBM obtains maximum
value from Compuware solutions.
- Technical Collaboration-IBM and Compuware will exchange technical
information for the interoperability of IBM and Compuware S/390 architecture
and programs. Compuware continues as a member of IBM's PartnerWorld
program, under which it receives technical information generally made
available to other independent software vendors.
- Reciprocal Patent License Agreement-IBM and Compuware have entered
into a patent cross-licensing agreement, covering patents related to
both companies' businesses.
- Settlement of Pending Litigation - IBM and Compuware have settled
all outstanding claims between the two companies, including pending
litigation.
| Issued by |
Citigate PR (011) 804-4900 |
| Contact |
Mandy Prowse, Citigate PR |
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