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.”