Versant acquires Mokume Software

By siliconindia   |   Thursday, 21 November 2002, 08:00 Hrs
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FREMONT: Versant Corporation Thursday said that it has acquired privately held Mokume Software, Inc., for 2,424,000 shares of Versant common stock.

Mokume delivers next generation real-time solutions to global customers in the manufacturing industry. Mokume brings to Versant a team of professionals with exceptional domain expertise in the manufacturing industry and a deep understanding of the business processes.

With this acquisition, Versant will accelerate its plans to offer real-time solutions based on its core object database combined with new technology from Mokume. Versant is also announcing the creation of a new business unit to market real-time solutions.

Mokume's President, Ajay Jain said, "Businesses are focused on improving the effectiveness of their planning and forecasting processes, creating the demand for real-time information from devices, sensors and enterprise execution systems. We see great synergy in our technology vision and Versant's real-time strategy. We believe that Mokume's customers, partners and products will greatly benefit from Versant's core infrastructure and capabilities. I am personally excited to be part of the remarkable team delivering the real-time initiative at Versant."

Jain will join Versant's executive team as the President of Versant's new business unit, which will be responsible for selling Versant's real-time solutions. Jain brings over thirteen years of experience in solving enterprise problems in the area of ERP, CRM and manufacturing systems, with management experience at leading technology companies including Cadence, Netscape, Quantum and Clarify.

Versant's Chief Operating Officer, Tom Miura said, "Versant intends to leverage its advantage in high speed data storage and retrieval, to offer a family of real-time solutions that will provide decision makers with timely information that is presently difficult to obtain and analyze." Miura added, "A number of our existing customers such as Siemens Medical, British Airways, Northrop Grumman, Foxboro and Sabre, use Versant's object database for managing high volumes of real-time data coming from physical devices, ranging from medical equipment to gas pipelines. Our acquisition of Mokume provides Versant with key technology, partnerships and a great team to expedite the delivery of future real-time solutions."

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