Pervasive Software Inc., a leading provider of data management solutions powering the success of application developers worldwide, announced it has signed a definitive agreement to acquire privately held Data Junction Corporation, a pioneering data and application integration company based in Austin, Texas, for $22.1 million in cash and 5 million shares of Pervasive common stock. The transaction is valued at a total of approximately $51.7 million, based upon Pervasive’s closing price per share of $5.91 on August 8, 2003. The agreement has been unanimously approved by the boards of directors of Pervasive and Data Junction and is subject to the approval of the shareholders of both companies. The acquisition is expected to be immediately accretive, on a pro forma basis before purchase accounting adjustments or other transaction-related expenses, and is expected to close in the fourth calendar quarter of 2003.

Data Junction will bring 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 of Data Junction will significantly advance Pervasive’s strategy to provide a family of solutions that deliver the industry’s best combination of performance, reliability and low total cost of ownership, resulting in a pure play data management infrastructure software company.

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