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Company Description (as filed with the SEC)
Covisint was incorporated in April 2008 in the State of Michigan. Our predecessor, Covisint LLC, was founded in February 2000 by a consortium of global automotive manufacturers to collaborate and transact with thousands of suppliers worldwide and reduce the cost of procuring components and materials. The consortium made a significant investment in the development of a robust, highly-secure cloud-based business-to-business ("B2B") network for automotive supply chains. In March 2004, Compuware Corporation ("Compuware") purchased substantially all of the assets of Covisint LLC including its name and technology. In January 2013, Compuware contributed the Covisint business assets to Covisint in preparation for our initial public offering, which was completed in October 2013 ("IPO"). On October 31, 2014, Compuware completed its distribution of 31,384,920 shares of Covisint stock to Compuware shareholders ("October 2014 Distribution"). ... More ...
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