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TheStreet Open House

Versant Announces Agreement To Be Acquired By UNICOM

Stocks in this article: VSNT

About The UNICOM Group http://www.unicomglobal.com

The UNICOM Group consists of over twenty five (25) entities with offices in Los Angeles, Dallas, Boston, Virginia, New Hampshire, New Jersey, Germany, France, UK, Ireland, Italy, Spain, Belgium and Switzerland. UNICOM focuses on acquiring and integrating mature and growing mid-cap NASDAQ, London Stock Exchange AIM and German publically-traded companies in the technology, financing, real estate, and business services. UNICOM offers deep in-house resources and flexible solutions to sellers worldwide, including privatization, core-products consolidation, IT assets alignments, management independence, integration matrix, and global business strategy.

For more information about the UNICOM group of companies please go to:

www.unicomglobal.com Asset, Capital and Investment Management
www.unicomsi.com IBM Mainframe software products
www.gtsi.com Government IT solutions provider
www.nei.com Hardware appliance and network platform
www.detec.com  Document Composition products 
www.softlanding.com  AS/400 and System i software products
www.macro4.com  Document Management products
www.illustro.com z/OS and z/VSE software products
www.iet-solutions.com ITIL ITSM software products
www.eden.com Domino Notes and Open Systems products
www.cics.com Hardware, Software, Outsourcing and Professional Services

Information regarding the solicitation of proxies

In connection with the proposed transaction, Versant will file a proxy statement and relevant documents concerning the proposed transaction with the SEC relating to the solicitation of proxies to vote at a special meeting of its shareholders to be called to approve the proposed transaction. The definitive proxy statement will be mailed to the shareholders of Versant in advance of the special meeting. Shareholders of Versant are urged to carefully read the proxy statement and other relevant materials when they become available because they will contain important information about Versant and the proposed transaction. Shareholders may obtain a free copy of the proxy statement and other relevant documents filed by Versant with the SEC (when available) at the SEC's website at  www.sec.gov . Each of these documents is, or will be, available for free at the SEC's Web site at www.sec.gov and at the Versant Investor Relations Web site at: www.versant.com/company/investor-relations .

Forward Looking Statements Involve Risks and Uncertainties

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. These forward-looking statements include statements regarding the potential consummation of the merger transaction with UNICOM on the terms and price described, the potential timing of consummation of the merger and the potential results of the merger transaction. The accuracy of the forward looking statements in this press release cannot be guaranteed as they are subject to a variety of risks and uncertainties that may cause these forward-looking statements to be incorrect or to differ materially from future events, including but not limited to, whether the required Versant shareholder approval for the transaction will be obtained, the inability to satisfy closing conditions to the transaction, our ability to maintain our cash and accounts receivable balances and our operating results pending completion of the transaction, our ability to retain key personnel, uncertainties as to the timing of the closing of the merger, the impact of the proposed merger on our operations, the possibility that competing offers will be made and that Versant will enter into an alternative transaction, and those other factors contained in the Company's most recent Annual Report on Form 10-K, its reports on Form 10-Q and its reports on Form 8-K.

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