M&A Deal Summary

Compuware Acquires Data Processing Resources

On June 25, 1999, Compuware acquired information technology company Data Processing Resources from RLH Equity Partners for 346M USD

Acquisition Highlights
  • This is Compuware’s 3rd transaction in the Information Technology sector.
  • This is Compuware’s largest (disclosed) transaction.
  • This is Compuware’s 7th transaction in the United States.
  • This is Compuware’s 4th transaction in California.

M&A Deal Summary

Date 1999-06-25
Target Data Processing Resources
Sector Information Technology
Buyer(s) Compuware
Sellers(s) RLH Equity Partners
Deal Type Add-on Acquisition
Deal Value 346M USD
Advisor(s) Thomas Weisel Partners (Financial)

Target

Data Processing Resources

Irvine, California, United States
Data Processing Resources Corp., is a provider of information technology professional services through a network of 33 branch facilities and four international recruiting offices to a diverse group of corporate clients through a database of highly qualified technical consultants.

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Buyer(S) 1

Buyer

Compuware

Detroit, Michigan, United States

Category Company
Founded 1973
Sector Information Technology
Employees3,066
Revenue 721M USD (2014)
DESCRIPTION

Compuware Corp. empowers the world’s largest companies to excel in the digital economy by taking full advantage of their mainframe investments. Compuware Corp. does this by delivering innovative software that enables IT, professionals, with mainstream skills to develop, deliver and support mainframe applications with ease and agility. Our modernized solutions uniquely automate mainframe work, integrate into a cross-platform DevOps toolchain and measure software delivery quality, velocity and efficiency.


DEAL STATS #
Overall 9 of 27
Sector (Information Technology) 3 of 8
Type (Add-on Acquisition) 8 of 25
State (California) 4 of 4
Country (United States) 7 of 19
Year (1999) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-15 NuMega Technologies

Nashua, New Hampshire, United States

NuMega Technologies, Inc. is a provider in advanced error detection and debugging solutions for professional Windows developers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-10 BlairLake

Kansas City, Missouri, United States

BlairLake, Inc. is a provider of Internet consulting and web development services. BlairLake provides strategic planning, information architecture and user interface design, content creation and other e-commerce services that help their clients use technology to engineer meaningful interactions with customers, businesses and employees.

Buy -

Seller(S) 1

SELLER

RLH Equity Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

RLH Equity Partners is a private equity firm that targets investments in middle-market companies throughout North America. RLH look for market leaders generating sales of $25 to $200 million with high growth potential. General areas of interest include business services (including IT services), high value-added manufacturing, specialty distribution, healthcare, and financial services. The Firm invests in the range of $30 to $100 million per transaction. Prospective transaction situations include growth equity financings, shareholder liquidity, recapitalizations, and management buyouts. RLH Equity Partners was formed in 1982 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 23
Sector (Information Technology) 1 of 7
Type (Add-on Acquisition) 1 of 13
State (California) 3 of 12
Country (United States) 3 of 23
Year (1999) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-31 Adohr Farms

Santa Ana, California, United States

Adohr Farms, Inc. was the independent dairy processor in Southern California and operated the largest dairy distribution network in California with thousands of retaillocations. RLH helped recruit key additions to the management team, provided sales leads, established capital structure and financial control measures.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-26 Con-Cise Contact Lens

San Leandro, California, United States

Con-Cise Contact Lens Co is an authorized distributor for a number of soft contact lens manufacturers and manufacturers its own line of rigid gas permeable lenses. Con-Cise owns Primary Eyecare Network, a company committed to helping independent professional optometrists compete in a changing eyecare marketplace.

Buy -