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TheStreet Open House

Actian Corporation Completes Acquisition Of Versant

Stocks in this article: VSNT

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.

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