Compuware Corp. will be acquired by private equity firm Thoma Bravo LLC in a deal valued at $2.5 billion, following pressure from activist investor Elliott Management Corp. to sell itself.

Compuware holders will receive $10.92 a share, including cash and stock from the spinoff of subsidiary Covisint Corp., representing a premium of about 17 percent to the company’s stock price at the close of trading on Aug. 29, the companies said in a statement today.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.