Compuware Covisint Extends Commitment to Healthcare Industry with Acquisition of Hilgraeve, Inc. |
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Compuware Corp.
1 Campus Martius
Detroit, MI, 48226
USA
Press release date: February 5, 2008
Combined Offering Positions Covisint as a Leader in Physician Connectivity
DETROIT, Feb. 5 - Compuware Corporation (NASDAQ:CPWR) today announced that it has acquired privately held Hilgraeve, Inc. of Monroe, Mich. This acquisition makes Compuware Covisint the world's largest on-demand collaboration platform for lab and prescription data sharing. Through Hilgraeve technology, physician practices will now enjoy the ability to rapidly connect to Covisint and securely share key patient information, reducing the cost and improving the quality of healthcare.
"As a practicing physician in a rural community for 17 years, I know that access to key information has always been a barrier to delivering the highest quality and most efficient care," said Dr. Tom Stevenson, Chief Medical Officer for Covisint. "With Covisint, physicians can now receive comprehensive and accurate information about their patients, regardless of geography or technical ability."
Hilgraeve has helped enterprises connect complex systems for more than 25 years and has served as a standard part of every Microsoft Windows operating system for the past decade. Recently, the company has focused on solving connectivity problems in the healthcare, automotive and financial industries. In the healthcare industry in particular, physicians use Hilgraeve solutions to connect to practice management systems and to securely communicate with electronic medical records systems and healthcare payers.
"The healthcare industry must control costs and increase efficiency, and we have been working closely with physicians to help achieve this," said Jeff Beamsley, President for Hilgraeve, Inc. "By joining Covisint, we will improve the future of healthcare connectivity and make a tremendously positive impact on both Covisint and the industry."
"This acquisition gives Covisint the foremost technology and expertise available to help physicians connect to healthcare providers and payers," said Bob Paul, Covisint President and COO. "Hilgraeve technology complements the Covisint platform and will deliver cost-effective, automated and easily implemented connectivity to physicians around the world."
Covisint turns the extended enterprise into a competitive advantage for 45,800 organizations worldwide. Covisint's highly available platform provides an on-demand infrastructure for secure collaboration, interoperability and access to information. Covisint streamlines and automates business processes, globally connecting business communities, organizations and systems in the automotive, manufacturing, healthcare, public sector and financial services industries.
Compuware Corporation
Compuware Corporation maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/.
FCMN Contact: doug_kuiper@compuware.com
Source: Compuware Corporation
CONTACT: Lisa Elkin, Vice President of Compuware Communications and Investor Relations, +1-313-227-7345
Web site: http://www.compuware.com/
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