BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Covisint Corporation (“Covisint” or the “Company”) (NASDAQ:COVS). The investigation concerns possible violations of federal securities laws and focuses on the Company’s financial performance and prospects.

Covisint provides a cloud engagement platform in the United States and internationally for organizations to connect, engage and collaborate with distributed communities of customers, business partners and suppliers. The investigation is related to allegations that the Registration Statement and Prospectus issued in connection with the Company’s September 26, 2013, initial public offering were materially misleading and failed to disclose material adverse facts concerning the Company’s financial performance and prospects, including: (1) that the Company was experiencing a greater than expected decline in its subscription revenue due to poor sales execution and late-stage pipeline conversion issues; (2) increased competition in its services segment as customers were not adding services at a rate consistent with expectations; (3) a decline in General Motors-related service revenue; and (4), that the Company was losing healthcare customers at an increasing rate and its pipeline of healthcare-related deals was steadily declining and included numerous deals that were not likely to be consummated.

If you purchased Covisint common stock pursuant or traceable to the Company’s September 26, 2013 initial public offering, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.