Versata Enterprises, a privately-held provider of enterprise business solutions, has announced that it intends to acquire TenFold, an application development technology supplier. According to the agreement, TenFold stockholders are to receive $0.04 in cash for each share of TenFold common stock and convertible preferred stock on an as-converted basis. Versata’s acquisition of TenFold will enable Versata to enhance its product portfolio and service offerings through TenFold’s EnterpriseTenFold SOA, an SOA-compliant, Ajax-enabled solutions framework that adds functionality to existing applications and creates enterprise-scale applications. “TenFold’s history of providing its customers and partners with significant savings in development and maintenance complements Versata’s strategy of lowering customers’ total cost of ownership with solutions to accelerate development, reduce ongoing maintenance, and drive business impact,” said Randy Jacops, CEO of Versata Enterprises. Updata Advisors advised Versata in this transaction. | 
