Pervasive Software Retains Independent Financial Advisor in Response to Unsolicited, Non-Binding Offer
8/27/2012 8:04 AM
John Farr, CEO
AUSTIN, Texas – August 27, 2012 – Pervasive Software® Inc. (NASDAQ: PVSW)
, a global leader in cloud-based and on-premises data innovation, today announced that it has retained Shea & Company, LLC to assist and advise the Board of Directors in its evaluation of an unsolicited, non-binding proposal the Company received from Actian Corporation on August 13, 2012, as well as the Company’s other strategic alternatives, including remaining independent and executing its existing strategic plans. Founded in 2005, and with offices in Boston and San Francisco, Shea & Company is an independent investment banking firm that provides objective advice to emerging and established leaders in software, SaaS and technology-enabled services.
Pervasive remains committed to delivering innovative data management, integration and analytics technology for its customers and partners worldwide. There can be no assurance that the Board’s consideration of the Actian proposal or the Company’s other strategic alternatives will result in a transaction with Actian or any other party or any specific change in the Company’s current strategic plans. Subject to applicable laws, currently the company does not intend to provide further updates regarding the Board’s consideration of these matters.
About Pervasive Software
Pervasive is a global data innovation leader, delivering software to manage, integrate and analyze data, in the cloud or on-premises, throughout the entire data lifecycle. Pervasive products deliver value to tens of thousands of customers worldwide, often embedded within partners’ software, with breakthrough performance, flexibility, reliability and return on investment. For additional information, go to www.pervasive.com/
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements included in this document are based upon information available to Pervasive as of the date hereof, and Pervasive assumes no obligation to update any such forward-looking statement.
All Pervasive brand and product names are trademarks or registered trademarks of Pervasive Software Inc. in the United States and other countries. All other marks are the property of their respective owners.