To: Ryan Mak who wrote (83209 ) 2/16/2000 1:46:00 PM From: Mr. Stress Respond to of 120523
It just keeps getting better for CPWR CPWR in deal with Morgan Stanley Dean Witter ---------------------------------------------------------- Wednesday February 16, 12:59 pm Eastern Time Company Press Release SOURCE: Compuware Corporation Compuware to Create Application Portfolio Management Solution Center for Morgan Stanley Dean Witter & Co. in Minneapolis/St. Paul Area FARMINGTON HILLS, Mich., Feb. 16 /PRNewswire/ -- Compuware Corporation (Nasdaq: CPWR - news) announced today that it has reached an agreement with Morgan Stanley Dean Witter & Co. (NYSE: MWD - news) to establish an Application Portfolio Management (APM) Solution Center for the financial services firm in the Minneapolis/St. Paul area. The Minnesota APM Solution Center will provide Morgan Stanley Dean Witter with cost efficient, off-site application development and will contribute to assisting the financial services firm with its ongoing need for IT resources. (Photo: newscom.com ) Compuware also expects to provide Morgan Stanley Dean Witter with a flexible staffing alternative for future project support, using Compuware's existing methodologies and its Minneapolis branch of 500 Information Technology (IT) professionals. ``We're excited about building a partnership with Compuware for our IT resource demands going forward,' said Scott Graflund, IT principal at Morgan Stanley Dean Witter. ``Compuware offered a real commitment to partnership solutions as well as a commitment to investing in their people. That's what we were looking for and we're excited about finding it.' Initial staffing for the Minnesota APM Solution Center will come through Compuware's acquisition of St. Paul-based High Plains Solutions, LLC, a privately held provider of IT professional services to Morgan Stanley Dean Witter. The current staff of IT professionals are expected to transition to Compuware's Minneapolis Professional Services Division office as a result of the acquisition. There, they will continue providing mainframe and client/server programming services to Morgan Stanley Dean Witter in support of securities processing applications. ``Compuware welcomes the opportunity to support Morgan Stanley Dean Witter's Institutional IT unit from its Minnesota APM Solution Center,' said Phyllis Recca, Executive Vice President, Professional Services at Compuware. ``Our track record of helping companies cut costs and reduce implementation time -- while delivering high performance and quality -- will help Morgan Stanley Dean Witter in supporting its world-class IT capability. We also look forward to welcoming such a highly skilled group of IT professionals from High Plains Solutions to a career with Compuware. Supporting their professional and personal growth will be one of our key objectives.' With trailing 12-month revenues of more than $2 billion, Compuware is a world leader in the practical implementation of enterprise and e-commerce solutions. Compuware productivity solutions help 14,000 of the world's largest corporations more efficiently maintain and enhance their most critical business applications. Providing immediate and measurable return on information technology investments, Compuware products and services improve quality, lower costs and increase the speed at which systems can be developed, implemented and supported. Compuware employs more than 15,000 information technology professionals worldwide. For more information about Compuware, please contact the corporate offices at 800-521-9353. You may also visit Compuware on the World Wide Web at www.compuware.com .