Big data management company Actian has offered to acquire the data management firm Pervasive Software for $139m.
Redwood City, US based Actian offers Vectorwise and Ingres databases which process large data in faster way.
The deal, if exercised would allow the privately operated Actian, which operates the Vectorwise and Ingres databases to offer fast processes of large data, to pay $8.50 per share.
As per the Texas-based Pervasive’s 16.4m outstanding shares, the deal is valued at $139.4m, while Actian valued the deal at $154m, which includes account dilution from stock options and restricted stock.
According to the Actian CEO Steve Shine, the firm decided to make its proposal public following Pervasive’s repeated declines in its request to participate in acquisition talks, while is also preferring to negotiate a mutually beneficial deal with the firm, before a hostiletakeover.
The deal is expected to be financed with a combination of cash and debt and Actian is negotiating with lenders for the finance.
The deal would also allow both the firms to develop critical mass in the business intelligence and data-integration software market by merging high-growth assets, and form an expanded customer base.
Actian’s cloud development platform develops applications for large data management and possesses databases which assist in analysing large data faster for clients including Oxford University, Cathay Pacific Airways and Lufthansa.
