DETROIT -- Covisint, the e-commerce company that fell flat under automaker and supplier ownership, is making a comeback.
Covisint, now a subsidiary of Compuware Corp. of Detroit, expects annual revenue of $80 million to $100 million in the next two years as the company expands in Europe and Asia and into new industries such as health care.
The online data exchange has sold its auction service and has shut down its electronic parts catalog. It has products and services in three areas: messaging and Web services, identity security and portal development that allow companies to communicate on the Internet.
Covisint CEO Bob Paul says the company has signed 18 major new customers in the last four months, including Visteon Corp., Metaldyne Corp., Faurecia SA, Tenneco Automotive Inc., ITT Automotive and divisions of Panasonic Corp. of North America, Robert Bosch GmbH and Cooper-Standard Automotive Inc.