192287 Resource 125367 126221 200444 1197493593646 1210704804746 Controlled Versata Enterprises to Acquire NUVO Network Management

Acquisition to Extend Reach and Scope of IT Network Management Solutions

<p>Versata Enterprises, a leading provider of enterprise software solutions,&nbsp;has entered into an agreement to&nbsp;acquire remote IT infrastructure management provider, NUVO Network Management.&nbsp;Versata will purchase&nbsp;NUVO's outstanding shares in an all-cash transaction valued at $0.57 per share, or approximately $17.65 million.&nbsp; </p><p>The acquisition will benefit customers of NUVO and Versata with increased availability of IT network management solutions and future product expansion.</p><p>&quot;For NUVO customers, our global scale and enterprise software expertise will enable us to enhance and accelerate product roadmaps and provide more options and services,&quot; said Randy Jacops, CEO of Versata Enterprises.&nbsp; &quot;For Versata customers, NUVO's expertise in network management and hosting will extend our ability to reduce overall IT cost.&quot;</p><p>Updata Advisors advised Versata Enterprises in the transaction.</p> 9 application/xml false infrastructure software network systems management NUVO Network Management Updata Advisors Versata Enterprises Recent infrastructure software mergers and acquisitions deals completed by Updata Advisors http://www.updata.com/interior_advisorstransactions.asp?sector=7&sectorname=INFRASTRUCTURE%20SOFTWARE Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.0; .NET CLR 1.1.4322; .NET CLR 2.0.50727; InfoPath.1) 127.0.0.1 127.0.0.1 fbartolomey 208.82.213.22 false true false false true 125367 blog blogsite/UpdataAdvisors/web