Pervasive Software Inc., a global value leader in data infrastructure software, announced the completion of its acquisition of Data Junction Corporation, a pioneering data and application integration company with headquarters in Austin, Texas. Pervasive paid approximately $22.1 million in cash and 5 million shares of Pervasive common stock.
Data Junction brings important data integration and transformation technologies and products, which are highly complementary to Pervasive's existing data management products, expertise and customer base. The acquisition significantly advances Pervasive's strategy to be the global value leader in data infrastructure software, enabling businesses to capitalize on their data investments.
Serving more than 35,000 customers in 150 countries, Pervasive is now comprised of two divisions with a sales force organized by geography and a shared corporate services function. The former Data Junction president, Michael Hoskins, joins the Pervasive board of directors and becomes vice president and general manager of the Integration Products Division focused on data and application integration software. In addition, Suaad Sait, Pervasive vice president of marketing, steps up to lead the Database Products Division as its vice president and general manager. Each is responsible for global strategy to drive product and market development for their respective divisions.
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