Press Release

For Immediate Release



 

Versata Enterprises Acquires Ecora Software, Inc.

Acquisition Diversifies Portfolio With Addition of IT Infrastructure Audit And Compliance Reporting Solution Provider

AUSTIN, TEXAS, September 12, 2008 –  Versata Enterprises, Inc. (Versata), a leading provider of enterprise software solutions, announced today the acquisition of Portsmouth, New Hampshire-based Ecora Software Corp. (Ecora), a leading provider of automated configuration auditing and compliance reporting solutions. Ecora's software provides customers a proactive view of IT infrastructure to measure and validate critical business services comply with external regulations and internal standards.

Versata, based in Austin, Texas, will operate Ecora as a stand-alone entity, with a distinct customer service and product team. Ecora joins Versata's portfolio of enterprise software companies, acquired and integrated over the past two years. Versata's focus on successful customer relationships, coupled with prudent investment to improve and extend existing products, ensures an experienced team leads the Ecora integration. Integration starts with Versata's Customer Success Program, designed to emphasize Versata's intense focus on aligning investments with customer priorities. Versata's focus maximizes customer business impact while facilitating healthy and growing multi-decade relationships.

"We are eager to join the Versata team," said Michael Sullivan, Ecora's President and CFO. "As a stand-alone entity, Ecora lacked the financial resources to innovate continuously and formulate solutions to advance our product footprint. With the Versata acquisition, we can confidently tell our customers that we will survive and prosper and they will benefit from Versata's global scale. This is a great outcome for customers who valued our market-leading products and affirms our commitment to successful and growing relationships."

Randy Jacops, CEO of Versata, commented, "We welcome Ecora to the Versata family. With the increasingly complex and distributed nature of computing infrastructure, we see significant opportunity to provide more value to existing customers and to capture market share. Capturing this opportunity requires a relentless attention to customer feedback and success. We believe there is no better, or more relevant, endorsement on our capabilities than delighted and successful customers."

"Ecora's technology is an exciting addition to our portfolio of already strong products and will provide additional capabilities critical to all our customers," Chris Smith, COO of Versata Enterprises, commented, "We have the most efficient and capable global engineering organization in the world, and we leverage that capability to deliver customer success. This enables us to deliver beyond customer expectations on innovation and value. We look forward to demonstrating our capability and commitment to Ecora's customers."

Versata expects to integrate Ecora into Versata's Austin headquarters over the next few months. Additionally, Versata executives will begin a dialogue with Ecora customers to discuss how to improve relationships and increase business impact. As the dialogue advances, Versata will refine the product roadmap and articulate innovations and commitments. To demonstrate its customer commitment, Versata will publish a new, multi-release, 18-month product roadmap with specific dates and commitments within 60 days of the acquisition.

About Ecora Software

Ecora Software provides configuration audit and compliance reporting solutions to customers worldwide, ensuring their IT infrastructures remain operationally effective, secure and compliant. As a crucial element integrated into an overall Business Service Management (BSM) strategy, Ecora is the market leader in transforming enterprise-wide configuration data into clear, actionable reports providing systemic evidence for regulatory compliance audits and enabling IT best practices. The Company's flagship solution, Auditor ProfessionalT, provides immediate value with its agentless architecture, matched with rich report templates and pre-defined policies providing the foundation for effective change and configuration management. Ecora Software prepares customers for any IT audit before the auditor arrives, taking the cost and complexity out of compliance audits and enabling IT best practices for more than 800 worldwide customers across a wide range of industries, including many of the Fortune 1000. Please visit us at www.ecora.com

About Versata Enterprises, Inc.

With a global presence covering 45 countries, Versata Enterprises solves the most complex business problems for the world's largest organizations. Versata Enterprises comprises a number of leading enterprise solution providers, including Versata, Inc., Artemis International Solutions Corporation, Nextance, Inc., Gensym Corporation, Clear Technology, Inc., Tenfold Corporation, and Evolutionary Technologies, Inc. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata's market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides twice-yearly opportunities for customers to score Versata's performance against commitments. Versata's world-class engineering capability ensures substantive and valuable product releases, thereby ensuring customer success. Versata also offers customers the opportunity to leverage Versata's global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Versata's relentless focus on customer priorities, coupled with an unmatched global engineering capability, provides Versata customers continuous innovation and repeatable value propositions.
For more information, please visit www.versata.com.