MI Roundup: Compuware, U-M, Start Garden, Ann Arbor SPARK
[Corrected, 9/10/14. See below] Here’s a look at news from around Michigan’s innovation hubs:
—On the heels of last week’s announcement that Compuware had been purchased by Thoma Brava, a private equity firm, comes this news: Compuware APM will now operate under the name Dynatrace. John Van Siclen will continue to lead the business.
—The University of Michigan’s Mobility Transformation Center announced its founding corporate partners last week. They include Delphi, DENSO, Xerox, Verizon, Ford, GM, Honda, Nissan, Toyota, and State Farm Insurance. “We are on the threshold of a transformation in mobility that the world hasn’t seen since the introduction of the automobile a century ago,” said MTC director Peter Sweatman in a press release. “I am thrilled with the diversity and global reach of the new ecosystem of companies and agencies we have created.”
— Start Garden, the Grand Rapids-based seed fund that invests in more than 100 ideas per year in small increments, announced two new investments. It has invested $5,000 in Boldr, an app that tracks up-to-date info about businesses. A second company, Forbes Technical, also received a $5,000 investment; the company aims to create a line of educational electronics modules for hobbyists and engineers.
—Nominations are open for the Ann Arbor SPARK FastTrack business award. The annual program recognizes companies in Washtenaw County for business success. Qualifying companies had at least $100,000 in gross revenue in 2010 and 20 percent growth for the following three years, with 2013 revenues higher than 2012 revenues. The awards will be given out at a ceremony on Nov. 7. Award applications will be accepted until Sep. 12; click here to nominate a business. [Dates have been corrected—Eds.]