Pervasive Software Retains Independent Financial Advisor in Response to Unsolicited, Non-Binding Offer

Pervasive Software

, a global leader in cloud-based and on-premises data innovation, today announced that it has retained Shea & Company, LLC to assist and advise the Board of Directors in its evaluation of an unsolicited, non-binding proposal the Company received from Actian Corporation on August 13, 2012, as well as the Company's other strategic alternatives, including remaining independent and executing its existing strategic plans. Founded in 2005, and with offices in Boston and San Francisco, Shea & Company is an independent investment banking firm that provides objective advice to emerging and established leaders in software, SaaS and technology-enabled services.