Covisint Looks to Relocate to Detroit’s Suburbs After Split From Compuware
Following its recent split from parent company Compuware, B2B cloud computing provider Covisint has been scouting out potential new locations in and around Detroit.
According to the Detroit Free Press, Covisint’s planned move could require 280 employees to relocate. Its current lease for its headquarters, on the seventh floor of the the Compuware building, is set to expire on March 31.
Covisint, which provides multi-platform, multi-device business-to-business cloud computing services to primarily the auto and healthcare industries, became completely independent of Compuware on October 31. The Detroit Free Press reports that Compuware is in the process of selling itself to Thomas Bravo, a private-equity firm.
Covisint’s cloud services, which can be used on both desktop computers and mobile devices, are intended to give its clients the widest range of options possible with a reduced upfront cost and improved defense against the costs associated with obsolescence.
Representatives from Covisint declined to discuss specific locations being considered for the company’s relocation, according to the Detroit Free Press.
“We have been conducting an extensive search of both Detroit and the surrounding area. We are looking for both what is economically best for our company, as well as what could be most central for our employee base here in the Detroit-area,” Covisint spokesman Brad Schechter said in a statement.
Covisint was originally founded in 2000 as an auction site for auto parts and supplies similar to eBay, and was purchased by Compuware in 2004, the Detroit Free Press reports.
Wherever Covisint’s new location ends up being, the company’s executives seem to believe the move is best for the company’s approximately 480 workers around the world.
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