RealTime IT News

EveryWare Agrees to Take Over by U.S. Firm

EveryWare Development Inc., a developer of software for the construction and analysis of Web applications, signed a definitive support agreement with Pervasive Software Inc. of Austin, Texas.

Pervasive agreed to offer to purchase for cash all of the outstanding Common Shares of EveryWare Development Inc. at a price of Canadian $1.20 per share. The total value of the acquisition, including assumption of outstanding options and warrants, is approximately CAN$16,232,000.

Pervasive will continue to sell and support EveryWare's software solutions, which include Tango, software for creating Web-based business applications, and Bolero, a decision support system that monitors and analyzes Web-site traffic. EveryWare supports multiple operating environments, including Microsoft Windows NT/95, Sun Solaris, IBM AIX, and Apple MAC OS, the firm said.

Pervasive Software Inc. provides embedded database software for the deployment and support of packaged client/server, Web enabled and occasionally connected applications.

"We currently use both EveryWare's Tango and Pervasive's databases in our products" said Terry Hui, CEO of Multiactive Software Inc., the makers of Maximizer. "Combining EveryWare's products with Pervasive's zero-administration database features will allow us to further extend our Internet capabilities while leveraging our business and reseller models."