logo
Share SHARE
FONT-SIZE Plus   Neg

Actian To Acquire Pervasive Software For $9.20/share - Quick Facts

Actian Corp announced that it has entered into a definitive deal to acquire Pervasive Software Inc. (PVSW) for $161.9 million. The transaction is expected to close in the second calendar quarter of 2013.

Under deal terms, Pervasive's stockholders will receive $9.20 in cash for each share and accelerates Actian's ability to deliver its vision of providing organizations with the capability to take action in real time as their business environment changes.

TC Lending, LLC, a subsidiary of TPG Specialty Lending, Inc., has committed to provide debt financing for the transaction. Shea & Company, LLC serves as financial advisor to the Board of Directors of Pervasive Software

Pervasive Software believed that the two companies' complementary product portfolios, track record of technological innovation and well-established customer bases provide a platform for compelling synergies.

"Together, the combined group has the technology and global presence to deliver the ability to extract, analyze and take action on big data in real time", said Steve Shine, CEO & president of Actian Corp.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT