Compuware President Nathan to retire

Shortly after telling shareholders how optimistic he was about the future of Compuware Corp., President Joseph Nathan announced he would retire from the software maker. Nathan has been with Compuware for 22 years. His retirement was effective Sept. 30. A replacement has not been named.

Versus Technology to terminate stock registration

Traverse City-based Versus Technology Inc. announced it has filed a notice of termination of registration with the U.S. Securities and Exchange Commission.

Versus filed a Form 15 certification and notice of termination of registration. The company said it has less than 500 shareholders and its total assets for the prior three fiscal years were below $10 million. The company said shareholder value would be enhanced by reducing the cost of compliance with recent changes in reporting requirements. Versus makes software and hardware used to track personnel and assets.

Troy chamber puts together tech first-aid kit

The Troy Chamber of Commerce, with the assistance of Troy-based Media Genesis, has put together a technology first-aid kit designed to reduce stress and keep systems up. For computer equipment, be sure to have a network card, patch cables, video card, keyboard, mouse, power cable, video cable, network switch and ties. For power issues in general, the Troy Chamber suggests having extension cord and flashlights with batteries. In general, the organization added, a phone list of all staff, duct tape, a battery-operated radio, analog phone and extra water should be on hand.

Techstreet bought by Thomson

Philadelphia-based Thomson Corp. has acquired Ann Arbor-based Techstreet Inc..

Financial terms were not disclosed. Techstreet posted 2002 revenue of slightly more than $3 million, compared with $2.25 million in 2001. Techstreet is an online technical-standards store that sells print and electronic versions of standards publications. The company had about 10 employees. Thomson provides legal, regulatory, educational, financial and other information in a variety of formats.

Camelot Ventures helps with acquisition

Livonia-based Camelot Ventures said Friday that Mercury Interactive Corp. has acquired Kintana Inc. for $225 million. Kintana is one of Camelot's portfolio companies and was Kintana's largest investor, according to a Camelot release.

Kintana provides software that helps connect departments within a company under one system. The privately held company was founded in 1995 and is headquartered in Sunnyvale, Calif. Camelot is a private investment group whose principals are David Katzman, former president of Home Depot Inc., and Dan Gilbert, president of Quicken Loans Inc. Mercury is also based in Sunnyvale.

Geac acquires 84 percent of Comshare stock

Geac Computer Corp. Ltd. has acquired 84 percent of the outstanding shares of Ann Arbor-based Comshare Inc. Markham, Ontario-based Geac commenced a cash tender offer July 1 to purchase all of the outstanding shares of Comshare. Comshare stockholders will receive $4.60 in cash for each share tendered.

Farnum new Logicentrix marketing director

Berkley-based Logicentrix, a business software maker, named Greg Farnum to the post of Marketing Director. Prior to joining Logicentrix Farnum was on the staff of Manufacturing Engineering and Design News magazines, and served as Public Relations Director of French & Rogers.

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