Detroit-based Compuware Corp. has agreed to acquire the assets of Innovation Data Processing, a market leader in 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, is intended to complement and extend 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," Compuware CEO Chris O'Malley said in a statement. "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."
