DETROIT, Oct. 9, 2012 (GLOBE NEWSWIRE) -- Compuware Corporation, (Nasdaq:CPWR), the technology performance company, today announced that its co-founder and Executive Chairman – Peter Karmanos, Jr. – has earned the National Management Association (NMA) Hall of Fame Award. This award celebrates Karmanos' lifetime accomplishments in business, leadership and community service. "I'm honored to join the NMA Hall of Fame," said Karmanos. "I share this accomplishment with thousands of Compuware employees who – every day – continue to show me the value of employee-centric, clear and positive leadership. Compuware will continue to lead the way in offering a challenging, high-tech and innovative environment that also supports a healthy work/life balance for our employees." The world's preeminent leadership development organization, the NMA was founded in 1919 by industrialist and philanthropist Charles Kettering. The NMA Hall of Fame Award is bestowed to an individual in recognition of significant personal and professional contributions to the development of management and leadership. Other honorees include Charles Kettering (1978), Peter F. Drucker (1985), John Glenn (1999), Milton S. Hershey (2000), Will Keith Kellogg (2003), Florine Mark (2005) and more. Karmanos launched Compuware in 1973, joining two partners who invested $3,000 each to build a small company that would help businesses do important things with computers. Today, the company continues to make technology make a difference and has more than 4,500 employees and more than $1 billion in annual revenue. A visionary in management and leadership, Karmanos has long committed to comprehensively meeting employee needs through open communication, succession planning, global health and wellness programs, child/eldercare support, and more. Under his leadership in 2003, Compuware consolidated employees from nine suburban locations to a new, high-tech headquarters building in downtown Detroit. In the near-decade since, the Compuware building has served as a catalyst for technology, creativity and urban redevelopment.