September 22, 2017 9:44 AM ET

Internet Software and Services

Company Overview of Covisint Corporation

Company Overview

Covisint Corporation provides an open enterprise class cloud platform worldwide. Its platform enables organizations to build solutions that identify, authenticate, and connect users, devices, applications, and information. The company’s platform is used for cloud identity and access management, business-to-business collaboration, and the Internet of things services. It also provides implementation, consulting, and customer support services. Its customers include organizations with external business relationships, as well as the participants in their business relationships in the automotive, energy, travel, life sciences, consumer goods, and insurance industries. The company was founded in 20...

26533 Evergreen Road

Suite 500

Southfield, MI 48076

United States

Founded in 2000

297 Employees

Phone:

248-483-2000

Key Executives for Covisint Corporation

President, Treasurer & Director
Age: 53
Senior Vice President of Delivery, Operations & Engineering
Age: 43
General Counsel and Vice President
Age: 57
Head of China Operations
Chief Architect
Compensation as of Fiscal Year 2017.

Covisint Corporation Key Developments

Covisint Corporation Files Form 15

Covisint Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock, no par value under the Securities Exchange Act of 1934, as amended.

Covisint Corporation Announces Management Changes

Covisint Corporation (the Company) entered into an agreement and plan of merger, dated as of June 5, 2017, with Open Text Corporation (OpenText), and Cypress Merger Sub Inc. (Merger Sub), the merger of Merger Sub with and into the Company, with the Company surviving as a wholly owned subsidiary of OpenText. In connection with the merger, each of Bernard M. Goldsmith, William O. Grabe, Lawrence David Hansen, Samuel M. Inman, III, Andreas Mai, John F. Smith and Jonathan Yaron resigned from his respective position as a member of the Company's board of directors, and any committee thereof, effective as of the Effective Time. Immediately following the Effective Time and in accordance with the Company's bylaws, the directors John Doolittle and Gordon Davies were appointed to the Board. In connection with the Merger, Samuel M. Inman, III and Enrico Digirolamo left their respective positions as executive officers of the Company. John Doolittle became President and Treasurer of the Company, and Gordon Davies became Secretary of the Company.

Covisint Corporation Requests NASDAQ To File Form 25 With SEC To Delist And Deregister Shares

On June 5, 2017, Covisint Corporation (the Company) entered into an Agreement and Plan of Merger, dated as of June 5, 2017, with Open Text Corporation, and Cypress Merger Sub, Inc., a wholly owned subsidiary of OpenText (“Merger Sub”), providing for, subject to the terms and conditions set forth in the Merger Agreement, the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving as a wholly owned subsidiary of OpenText. On July 26, 2017, OpenText completed its acquisition of the Company pursuant to the Merger Agreement and the Company became a wholly owned subsidiary of OpenText. On July 26, 2017, in connection with the consummation of the Merger, the Company notified The NASDAQ Global Select Market (the “NASDAQ”) that each outstanding share of Company Common Stock was cancelled and converted into the right to receive the Merger Consideration, and requested that the trading of Company Common Stock on the NASDAQ be suspended prior to market open on July 27, 2017. In addition, the Company requested that the NASDAQ file with the SEC a notification of removal from listing on Form 25 to delist Company Common Stock from the NASDAQ and to deregister Company Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The delisting and deregistration will be effective on the tenth day following the filing of a Form 25 with the SEC. The Company intends to file with the SEC a Form 15 notification of suspension of the reporting obligations of the Company under Sections 13(a) and 15(d) of the Exchange Act.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 5, 2017
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