DETROIT—Mainframe software developer Compuware Corp. announced it has the completed its acquisition of the assets of Little Falls, N.J.-based Innovation Data Processing as of Jan. 1. Innovation Data Processing was founded in 1972 and was the first independent software vendor to develop a mainframe storage and backup product. Since that time, the company has expanded
SOUTHFIELD—Tier 1 auto supplier Lear Corp. announced an undisclosed investment in Menlo Park, Calif.-based Autotech Ventures to support startups developing new mobility technologies. The investment is being made through Lear Innovation Ventures, which was launched a year ago, to identify advanced development teams and early stage technologies and provide direct capital to innovation initiatives. Autotech
FERNDALE—Bollinger Motors announced it has filed for patent protection for its all electric, all-wheel drive, Class 3 vehicles. The scope of the patent includes the entire vehicle, and gives particular emphasis on the specific arrangement of major components and subsystems. “Our team has created a vehicle that’s engineered and packaged unlike anything ever built,” said
SOUTHFIELD—Lawrence Technological University’s Bachelor of Science in Nursing program has been ranked in the top third of Michigan nursing education programs — even before the program has graduated its first students. In only its third year, LTU’s nursing program was ranked No. 22 among 79 nursing education programs in Michigan, according to Nursing Schools Almanac,
SOUTHFIELD—Altimetrik Corp., the Southfield-based IT and engineering consultant, announced the hiring of Amit K. Singh as practice head for financial services, fintech and payment. Reporting to Altimetrik COO Raj Sundaresan, Singh will focus on business transformation initiatives for clients in the financial services industry. “The financial services industry is being disrupted at an unprecedented pace
AUBURN HILLS—The future of intelligent transportation has been installed at three intersections in Auburn Hills by the United States unit of the German auto supplier Continental. Continental officials this week announced the establishment of a new technology proving ground, the Smart City Mobility and Transportation Hub in Auburn Hills. The hub includes the installation of
TROY—J.D. Power, the Troy-based provider of data analytics and consumer intelligence, announced the acquisition of Trilogy Automotive, the automotive software division of Austin, Texas-based Trilogy Enterprises. Terms were not disclosed. Trilogy’s software-as-a-service-based lead management software will be integrated into the auto dealer software system marketed by J.D. Power’s Autodata Solutions division, expanding the capabilities and
SOUTHFIELD—Four Lawrence Technological University students won top prizes in a federally sponsored research competition to help solve some of the “Grand Challenges” of civilization in the 21st Century. The Grand Challenges of Engineering program was developed by the National Academy of Engineering and top engineering schools out of the NAE’s 14 Grand Challenges for Engineering to educate
FLINT—Diplomat Specialty Pharmacy, a provider of specialty pharmacy and infusion services, will be purchased by Eden Prairie, Minn.-based OptumRx, the pharmacy care business of Optum, a unit of the health insurance giant United Health Group, for $4 a share in cash and assumption of outstanding debt, valuing the company at about $300 million. Diplomat stock
DETROIT—Compuware Corp., the developer of mainframe software, announced it has signed an agreement to acquire the assets of Innovation Data Processing, a Little Falls, N.J.-based provider of enterprise data protection, business continuance and storage resource management products and services serving the mainframe market. The transaction is expected to close within the next quarter. It will be
