DAVID MCGUFFIE, CEO of Covisint Corp, purchased 8,000 shares of Covisint (Stock Symbol: COVS) at $9.21 per share for a total amount of $74 thousand on January 27th 2014.
Company Name is based in Detroit, Michigan.
On Jan. 30th 2014, Covisint Corporation (Nasdaq:COVS), provider of the leading cloud engagement platform, announched that it has earned “top performing enterprise HIE vendor” for the “payer/insurer-centric” category by Black Book International. The annual satisfaction survey polled 4,000 individuals using health information exchange (HIE) technology, measuring Covisint and other vendors supporting both public and private exchanges on 18 specific performance metrics.
DETROIT, Jan. 23, 2014 (GLOBE NEWSWIRE) — Covisint Corporation (Nasdaq:COVS), provider of a leading cloud engagement platform, today announced financial results for the third quarter of its fiscal 2014 ended December 31, 2013. “Covisint continues to produce strong gains in subscription revenue, with a 21% increase year-over-year in Q3,” said David McGuffie, President and CEO of Covisint. “We are pleased with our subscription revenue growth, which was driven by both new and existing customer agreements. We expect that subscription revenue will continue to become a larger part of our revenue mix going forward, as the investments we have made in the platform for delivering repeatable, frictionless deployments is paying off for our customers.”
According to Capital IQ, Covisint has a market cap of $349.3 million, an enterprise value of $294.6 million, and trailing 12 month revenues of $98.5 million.
Covisint Corporation provides cloud engagement platform for enabling organizations to securely connect, engage and collaborate with large, distributed communities of customers, business partners and suppliers. The Company’s Platform-as-a-Service offering enables global organizations to securely connect, engage and collaborate with large, extended networks of customers, business partners, suppliers and other third parties. The Company is a wholly-owned subsidiary of Compuware Corporation. The Company’s solutions enables organizations to connect, engage, and collaborate with the critical external audiences that define their success including customers, business partners, and suppliers. Covisint allows its clients to establish a secure, reliable, integrated presence in the cloud, and offers the kind of engaging information experiences that people everywhere have come to expect.
David McGuffie’s most recent annual compensation from Covisint is a salary of $420,000 and $297,444 in other compensation. Mr. McGuffie is 54 years old.
According to his biography, Mr. David A. McGuffie is President, Chief Executive Officer, Director of Covisint Corp. Mr. McGuffie has been a director of Covisint since April 2008. He was appointed as our Chief Executive Officer in November 2012 and has served as our President and Chief Operating Officer since 2008. Mr. McGuffie has been a senior-level executive leader with Covisint since its original inception in 2000. Prior to 2008, he served as Covisint’s Senior Vice President of Information Technology. In this position, Mr. McGuffie managed customer deployment and care, product development and technology operations. Prior to Covisint, he served in several IT leadership positions with Ford Motor Company, working for 15 years in supply chain, dealer operations, marketing and sales. Mr. McGuffie’s leadership, vision and in-depth knowledge of Covisint make him an invaluable asset to our board of directors. Mr. McGuffie currently serves on the advisory board of the Michigan Council of Women in Technology. Mr. McGuffie earned his Bachelor of Science degree from Central Michigan University.
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