Monday, August 13, 2012

Actian Makes Hostile Bid For Pervasive Software

Redwood City-based Actian said Monday that it has made a proposal to acquire IT software maker Pervasive Software. Actian said it has offered to pay $8.50 per share in cash for Pervasive, making the deal worth around $154M. Actian said that Pervasive is a "excellent strategic fit for Actian". Actian is a developer of database analysis tools.