Business Services Industry
Covisint's target: New industries; Software supplier expects to hit $80M-$100M in 2 years.
Crain's Detroit Business, May, 2005 by Dietderich, Andrew
Byline: Andrew Dietderich After four years of spinning its wheels, Detroit-based Covisint expects to record annual revenue of between $80 million and $100 million in the next two years as the company expands its presence in Europe and Asia and into new industry segments such as health care and continues to win over the auto industry.
Bob Paul, CEO of Covisint, now a subsidiary of Compuware Corp., points to the past three to four months as proof. The company has signed 18 major new customers including Visteon Corp., Metaldyne Corp., Faurecia SA, Tenneco Automotive Inc., ITT Automotive and divisions of Panasonic Corp. of North America, Robert Bosch Corp. and Cooper-Standard Automotive Inc. They're classified as major, Paul said, because each will lead to...
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