Subsequent event

3 Months Ended

Jun. 30, 2011

Subsequent Event [Abstract]

Subsequent Event

Note 12 – Subsequent Event

On July 1, 2011, the Company acquired all of the outstanding capital stock of dynaTrace software, Inc. (“dynaTrace”) for approximately $256 million in cash, plus approximately $300,000 of direct acquisition costs. In addition, certain unvested options exercisable for shares of dynaTrace common stock issued to dynaTrace employees prior to the acquisition were converted into options to receive shares of Compuware common stock under the same terms and conditions.

dynaTrace was a privately-held company whose technology provides the ability to continuously track business transactions and provide exact identification of performance problems, enhancing our Gomez on-premises software solutions.

The initial purchase accounting for the assets, liabilities, items of consideration and the pro forma historical results is incomplete due to the short period of time between the purchase date and filing date of this report.

The purchase price was funded with the Company's existing cash resources and borrowings of $129.5 million under its credit facility described in note 10.