Actian Corp. and Pervasive Software Inc. have entered into a definitive merger agreement through which Actian will acquire all of Pervasive’s outstanding shares for $9.20 per share.
Actian products include Action Apps, Vectorwise, the analytical database, Ingres, an independent mission-critical OLTP database, in addition to the Versant Object Database, which Actian added to its portfolio through another recent merger in which Actian acquired all the outstanding shares of Versant Corporation.
According to the company, the deal values Pervasive at $161.9 million and will accelerate Actian’s ability to deliver its vision of providing organizations with the capability to take action in real time as their business environment changes.
“Big data is an opportunity and a challenge for organizations in every industry, with potentially valuable business critical insight locked away in inaccessible and indecipherable systems. This makes data management and insight today’s big question for businesses looking at how to unlock the substantial incremental business value in their big data,” says Steve Shine, CEO and president of Actian Corporation. “This transaction combines the proven ability of both companies to out-innovate and out-perform the industry giants allowing us to deliver the promise of big data to every organization.”
According to Actian, the Vectorwise analytic database currently holds multiple records combined with Pervasive Big Data and Analytics software will enable organizations to take advantage of Hadoop-era clusters for rapid insights on large data sets.
“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 Shine. “Every organization can now act on real insights to take action on big data.”
More information is available about Actian Corporation.