Unify acquires AXS-One
Unify acquires AXS-One
April 27, 2009:Unify, a global provider of application development, database and migration products, has entered into a definitive agreement to acquireAXS-One, a leading provider of integrated content archiving software solutions.
The acquisition, which is subject to approval by the stockholders of Unify and AXS-One, is expected to close by the end of Unify’s fiscal first quarter, ending July 31, 2009.
Through the agreement, Unify will purchase all outstanding shares and debt of AXS-One in an all-stock transaction valued at approximately $US8.0 million. AXS-One’s 2008 revenues were $US13.4 million, up 12% over 2007, including approximately 48% recurring maintenance revenue.
AXS-One will become a wholly-owned subsidiary of Unify.
AXS-One’s AXS-One Compliance Platform is an integrated content archiving software solution designed to capture, index, archive, search, supervise, manage retention and disposition, and provide legal discovery on all electronic records, including e-mail, instant messages, desktop documents, SharePoint documents, voice, images, reports, and SAP documents and data, for operational efficiency, compliance management and litigation readiness.
Additionally, AXS-One offers a migration portfolio which enables customers to choose between messaging platforms, including Microsoft and IBM, complementingUnify’s Composer migration portfolio, which offers application migration options for the mainframe, Java, Microsoft and Oracle environments.