|[January 28, 2013]
Actian and Pervasive Software Merge to Create a Disruptive Force in Big Data
REDWOOD CITY, Calif. --(Business Wire)--
Corp. ("Actian"), an innovator in next generation big data
management and creators of the innovative record-breaking, analytic
Software Inc. (NASDAQ: PVSW), a global leader in cloud-based and
on-premise data innovation, today announced that the two companies have
entered into a definitive merger agreement pursuant to which Actian will
acquire all of Pervasive's outstanding shares for $9.20 per share.
The deal values Pervasive at $161.9m and accelerates Actian's ability to
deliver its vision of providing organizations with the capability to
take action in real time as their business environment changes.
"Big data is an opportunity and a challenge for organizations in every
industry, with potentially valuable business critical insight locked
away in inaccessible and indecipherable systems. This makes data
management and insight today's big question for businesses looking at
how to unlock the substantial incremental business value in their big
data," said Steve Shine, CEO & president of Actian Corporation. "This
transaction combines the proven ability of both companies to
out-innovate and out-perform the industry giants allowing us to deliver
the promise of big data to every organization."
"There is a lot of industry discussion around the big data challenge.
This debate essentially boils down to how organizations extract business
value from data in a way that is powerful yet simple," Shine continued.
"We want to give customers the tools to get to the data, find those
nuggets of insight and act on it immediately. Would an e-tailer benefit
from knowing the social preferences for those in his on-ine store or
from real-time alerts from a price comparison site for items in stock
The Actian and Pervasive merger allows us to bring this and countless
other data driven benefits to the market in a way that enables every
business to create compelling business outcomes from the promise of big
Actian and Pervasive provide complex data management solutions to tens
of thousands of mission critical deployments around the globe. This
merger gives all customers access to a larger portfolio of products, and
provides our joint partners greater opportunity to offer new solutions
in adjacent markets. The combined company together will drive a vision
to help all organizations extract greater competitive value from their
Over the past few years both companies have independently demonstrated
their ability to innovate to provide highly differentiated solutions in
the data management market. Actian's Vectorwise currently holds multiple
records for performance and is fast becoming the analytic platform of
choice for digital companies around the world. This combined with
Pervasive Big Data and Analytics software will enable organizations to
take advantage of Hadoop-era clusters for rapid insights on large data
sets. Pervasive's Data Rush and Data Cloud products too have been
critically acclaimed by the industry.
"Together, the combined group has the technology and global presence to
deliver the ability to extract, analyze and take action on big data in
real time," concluded Shine. "Every organization can now act on real
insights to take action on big data."
Actian's exclusive financial advisor was Evercore Partners and its legal
counsel was Gibson, Dunn & Crutcher LLP. Financing for this transaction
will be provided by TPG Lending Company.
*Gartner (News - Alert) Group Oct 2012
About Actian: Take Action on Big Data
Corporation enables organizations to transform big data into
business value with data management solutions to transact, analyze, and
take automated action across their business operations. Actian helps
10,000+ customers worldwide take action on their big data with Action
Apps, Vectorwise, the analytical database, Ingres, an independent
mission-critical OLTP database, and Versant Object Database. Actian is
headquartered in California with offices in New York, London, Paris,
Frankfurt, Amsterdam and Melbourne. Stay connected with Actian
Corporation on Facebook,
Actian, Cloud Action Platform, Action Apps, Ingres and Vectorwise are
trademarks of Actian Corporation. All other trademarks, trade names,
service marks, and logos referenced herein belong to their respective
Forward-looking Statements Certain statements contained in
this press release about our expectation of future events or results
constitute forward-looking statements for purposes of the safe harbor
provisions of The Private Securities Litigation Reform Act of 1995. You
can identify forward-looking statements by terminology such as, "may,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential," "continue," or the negative of these terms or
other comparable terminology. These statements are not historical facts,
but instead represent only our beliefs regarding future events, many of
which, by their nature, are inherently uncertain and outside of our
control. It is possible that our actual results and financial condition
may differ, possibly materially, from our anticipated results and
financial condition indicated in these forward-looking statements. In
addition, certain factors could affect the outcome of the matters
described in this press release.
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