This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Actian Corporation Completes Acquisition Of Versant

Actian Corp. (“Actian”), a leader in next generation big data management and creators of the innovative record-breaking, analytic database Vectorwise, today announced that it has completed the transaction to buy Versant Corporation (Nasdaq:VSNT), an industry leader in specialized data management. The combination of Versant’s expertise in enterprise big data solutions further strengthens Actian’s big data analytics offerings and extends its capabilities further into this burgeoning market.

According to Gartner, big data will drive $232 billion in IT spending through 2016. A real-time information management software provider, Versant has more than 150,000 installations, and has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Siemens, and the Financial Times as well as the US Government. Versant’s leading object-oriented database coupled with Actian’s existing portfolio further strengthens Actian’s ability to help companies extract business value from their big data.

“We are pleased to welcome Versant to the Actian family,” said Steve Shine, chief executive officer of Actian. “The completion of this transaction means that customers will now benefit from a dynamic platform of data management capabilities that enable them to extract business value from big data. Our record-breaking analytics database Vectorwise combined with Versant’s existing expertise will allow us to become even more successful in meeting data analytics demands.”

In the Versant press release issued upon the signing of the definitive agreement, Bernhard Woebker, president and chief executive officer of Versant stated, “The combination of Actian and Versant provides numerous synergies for data management. We are excited to join Actian in developing technology to meet the demands of the ever-growing and complex business intelligence and analytics market.”

With more than 10,000 customers worldwide, Actian is a leader in helping companies analyze big data in industries ranging from retail, ecommerce, enterprise, healthcare, manufacturing, finance and social media. Having the right tools in place to derive value from massive amounts of data is becoming more and more important for companies and Actian helps solve this problem.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs