Manufacturing Industry
Cleaning up after Covisint: sale leaves automotive industry portal users to chart their own course.(Automotive E-Commerce)
Purchasing, March, 2004
The news that Covisint had sold what was left of its business to Detroit software developer Compuware in February left users of the automotive industry portal with some decisions to make. The deal may not have surprised market watchers on the heels of Covisint's January sale of its auction business to FreeMarkets and the earlier scrapping its catalog offerings, but the change in ownership and direction means each user has to make its own decision on how to go forward.
Covisint will retain its name as a subsidiary of Compuware. Bob Paul, president and CEO Covisint, will remain in charge of the subsidiary. Once the auction business was unloaded, Compuware became much more interested the deal, according to Compuware CEO Peter Karmanos. "What [Covisint]...
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