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Compuware Announces Intent to Acquire INNOVATION Data Processing Assets
December 10, 2019
Compuware has signed a definitive agreement to acquire the assets of INNOVATION Data Processing, a provider of enterprise data protection, business continuance and storage resource management solutions serving the mainframe market.
The transaction is subject to customary closing conditions and is expected to close within the next quarter. It will be Compuware's sixth mainframe software or services acquisition in the last three years.
The addition of INNOVATION's flagship data management and protection solutions product lines FDR, FDRPAS and IAM, as well as segment leading solutions including UPSTREAM and FATSCOPY, complements and extends Compuware's portfolio of mainframe software including Abend-AID, COPE, File-AID, Hiperstation, ISPW, Strobe, ThruPut Manager, Topaz and Xpediter.
"Given our mission to modernize every aspect of mainframe software delivery, the inclusion of INNOVATION's talent, expertise, and leading backup and data protection solutions is a natural extension of our company's culture and portfolio of leading mainframe software," said Compuware CEO Chris O'Malley. "Like Compuware, INNOVATION has a rich heritage of innovation that empowers customers to leverage their mainframe with ease and effectiveness. With the growing importance of data and compliance mandates, our customers will now have access to a full set of proven solutions already in use by hundreds of large enterprises worldwide."
"Compuware is the perfect home for INNOVATION's products and customers," said INNOVATION's CEO and Founder Anthony Mazzone. "Compuware has demonstrated a unique understanding of the new challenges mainframe owners face and I believe that this acquisition will best serve the needs of the mainframe storage management worldwide customer base."
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