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Compuware Buys dynaTrace

July 6, 2011

Austrian software maker snatched up in surprise coup

Austrian IT-specialist dynaTrace accepted an offer of 256 Million US-Dollars by US company Compuware Corp. The deal came as a surprise, said co-founder Bernd Greifeneder to Austrian newspaper Oberösterreichische Nachrichten.

The company, founded in 2005, currently has 180 employees in Europe and the US, and is expected to look for 40 more developers for its Upper Austrian office.

Compuware expects dynaTrace to add $35-$45 million to its fiscal 2012 revenue and about $100 million to its fiscal 2013 revenue.