Recently, Compuware Corporation (CPWR) declared that its professional services automation (PSA) solution, Changepoint, has been adopted by Open Systems Technologies (:OST). The reason behind selecting Changepoint is its best-in-class services and ability to offer suitable resource management and project management solutions.
Headquartered in Grand Rapids, Michigan, OST is mainly engaged in providing services related to information technology and business process in the field of healthcare, manufacturing and distribution, finance, insurance and enterprise technology services. The company’s solution will help OST upgrade its existing business procedure and effectively execute its projects.
The company through its Changepoint solution will be offering an in-depth knowledge of projects, investments and resources. In addition, OST by harnessing PSA solutions will be able to enhance its profitability through selecting proper business process. According to management, Compuware’s completely integrated user-friendly solution would enhance OST’s financial performance going forward.
Compuware is likely to achieve a formidable position within the industry through its improved software as a service (SaaS), professional and application services platform. In the rapidly changing technological world, the company’s advanced solutions empower customers to drive revenue and customer satisfaction by leveraging innovative technologies like cloud computing, virtualization and mobile computing.
Compuware operates in an intensely competitive landscape. In the software business, the company is always under pressure for innovating new products to attract new clients and also maintain the existing associations which may prove to be expensive. According to management, the company competes with more than 40 firms in one or more of its offerings. Rivals include BMC Software Inc. (BMC), CA Technologies (CA), International Business Machines Corporation (IBM).
The current Zacks Consensus Estimates for the second quarter of fiscal 2013 and for fiscal 2013 are 6 cents per share and 43 cents per share, respectively. The company currently retains a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating. We also have a ‘Neutral’ recommendation on the company’s stock.
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