MISSION HILLS, Calif. and REDWOOD CITY, Calif., Oct. 1, 2012 (GLOBE NEWSWIRE) -- Versant Corporation ("Versant") (Nasdaq:VSNT), an industry leader in specialized data management software, announced today that it has signed a definitive agreement to be acquired by UNICOM Systems, Inc. ("UNICOM"), a global information technology company and part of the UNICOM group of companies. The agreement provides for a merger of Versant with a subsidiary of UNICOM in which shareholders of Versant common stock will receive $11.50 per common share in cash. This price represents a premium of approximately 17% on Versant's closing price of $9.85 per share on September 28, 2012. The total transaction consideration is expected to be approximately $32 million.
Versant Announces Agreement To Be Acquired By UNICOM
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