Versant Announces Agreement To Be Acquired By UNICOM
Under the terms of the agreement, Versant is permitted to solicit alternative acquisition proposals from third parties through October 29, 2012 and intends to consider any such proposals. In addition, subject to the terms of the agreement, Versant may respond to unsolicited alternative acquisition proposals. There can be no assurance that any such proposal will be received or that any proposal will result in an alternative acquisition transaction. Subject to the terms of the agreement, under certain circumstances a break-up fee may be payable to UNICOM or Versant in connection with the termination of the agreement.
RBC Capital Markets, LLC is serving as Versant's financial advisor with respect to the transaction with UNICOM and Fenwick & West LLP is serving as Versant's legal counsel.
About Versant Corporation
Versant Corporation (Nasdaq:VSNT) is an industry leader in building specialized NoSQL data management systems to enable the real-time enterprise. Using the Versant Database Engine, enterprises can handle complex information in environments that demand high performance, concurrency, and availability, significantly cut hardware and administration costs, speed and simplify development, and deliver products with a strong competitive edge. Versant's solutions are deployed in over 150,000 installations across a wide array of industries, including telecommunications, energy, financial services, transportation, manufacturing, and defense. For more than 20 years, Versant has been a trusted partner of Global 2000 companies such as Ericsson, Verizon, Siemens, and Financial Times, as well as the U.S. Government. For more information, call 650-232-2400 or visit www.versant.com .About UNICOM Systems, Inc. UNICOM Systems, Inc., a division of the UNICOM group of companies, is a global leader in providing innovative software and solutions for the enterprise computing community. Through over three decades of continued development and commitment, UNICOM has redefined the economics and quality of automation for its customers, delivering a new era of collaboration, data management, data-warehousing, outsourcing, integration, communications and commerce.
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