Web-Based Business-to-Business Data Interchange Complements Pervasive
Technology, Customers, and Markets
Pervasive
Software® Inc. (NASDAQ:PVSW), a global value leader in embeddable
data management and data
integration software and revolutionary next-generation
analytics, today announced completion of the purchase of assets from
Greenville, SC-based ChanneLinx, Inc. The transaction was completed on
July 31, 2009 for total consideration of approximately $2.6 million in
cash.
“I’m proud to welcome the team of ChanneLinx software professionals to
the Pervasive family, and we are committed to the continued excellent
customer service and technical expertise that they provide their
customers,” said John Farr, president and CEO, Pervasive Software. “The
ChanneLinx team, which will now operate as Pervasive Business Xchange,
is expected to stay intact within Pervasive so they can remain focused
on meeting customer needs and providing users with superior technology
and service.”
“With our loyal customer base, deep data interchange technology and
expertise, and strengths in the oil and gas and construction verticals,
the ChanneLinx team brings powerful complementary technology and market
strengths to Pervasive,” said Steve Pridemore, senior director,
Pervasive Business Xchange. “We’re excited to leverage and extend our
ten years of in-depth data interchange technology leadership with
Pervasive’s technical, sales and marketing resources, well-developed
channels and large customer base.”
“As a long-time ChanneLinx customer, we're excited to see them join
forces with a strong, well-established software leader like Pervasive,”
said Dave Gonze, Senior Vice President of Finance & Technology at
Lumbermens Merchandising Corporation, a buying cooperative founded in
1935 that today has more than 350 stockholder companies and transacts
over 1.2 million invoices a year. “We value ChanneLinx' high standards
of service, easy-to-use product and commitment to meet our specific
needs. We look forward to continuing our strong relationship with the
Pervasive Business Xchange team as we grow our stockholder base.”
“I am very excited about the synergies between ChanneLinx and the other
product teams within Pervasive,” Farr said.
