Versata To Be Acquired by Trilogy for $3.3 Million

Published: January 3, 2006

Versata, which created a Java-based development environment designed to allow analysts and other non-programmers to piece together new applications, has agreed to be acquired by Trilogy, a company that writes software for various industries, the companies announced last month. Oakland, California-based Versata had struggled financially over the past few quarters, and an acquisition was not unexpected. Trilogy, which will spend $3.3 million to buy 8.2 million Versata shares at 40 cents apiece, will continue to operate under the Versata name as a wholly owned subsidiary based in Austin, Texas.

Randy Jacops, currently vice president and general manager of Trilogy Technology Group, will lead the new Versata following the merger, while David Chamberlain, president and CEO of Versata, and Chris Smith, vice president of operations for Trilogy Technology Group, will complete the leadership for integrating the two companies, the companies said in a press release. Versata introduced support for OS/400 within its IDE in the fall of 2004, and unveiled a new release of the IDE designed for service oriented architectures (SOA) and Web services, Versata version 6.0, last year (see "Versata Hopes for a SOA Spark with New Java IDE"). Trilogy says it will combine the Versata products with its own.