DETROIT, Sept. 25, 2013 (GLOBE NEWSWIRE) -- Compuware (Nasdaq:CPWR) today announced the pricing of its initial public offering of 6.4 million shares of its wholly-owned subsidiary Covisint Corporation's common stock at a price to the public of $10 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on September 26, 2013, under the symbol "COVS."
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.Covisint Covisint provides a leading cloud engagement platform for creating and enabling new mission-critical external business processes. Our solutions enable organizations to connect, engage, and collaborate with the critical external audiences that define their success--including customers, business partners and suppliers. Covisint allows its clients to establish a secure, reliable, integrated presence in the cloud, and it provides the kind of engaging information experiences that people everywhere have come to expect. Learn more at www.covisint.com. http://www.compuware.com.
CONTACT: Press Contacts David Chambers Hill+Knowlton Strategies +1 212 885 0402 email@example.com Joshua Reynolds Blanc & Otus +1 415 281 7151 firstname.lastname@example.org Covisint Investor Relations (866) 319-7659, email@example.com