Actian
Expands Its Portfolio of Innovative Big Data Solutions to Strengthen
its Position as a Major Global Player in the $27bn* Big Data Market
REDWOOD CITY, Calif. - Tuesday, January 29th 2013 [ME NewsWire]
(BUSINESS
WIRE)-- Actian Corp.(“Actian”), an innovator in next generation big
data management and creators of the innovative record-breaking, analytic
database Vectorwise, and Pervasive 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-line 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 data.”
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 data.
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 Group Oct 2012
About Actian: Take Action on Big Data
Actian
Corporationenables 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, Twitterand LinkedIn.
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 companies.
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.
Contacts
Actian Corporation
Kevin Cox
kevin.cox@actian.com
or
SHIFT Communications
Katie Halloran, 415-591-8459
khalloran@shiftcomm.com
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