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Unify to Acquire Gupta to Advance Leadership in Embedded Database and Software Development Markets.


SACRAMENTO, Calif. -- Unify Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:UNFY) today announced that it has entered into a definitive agreement to acquire Gupta Technologies Gupta Technologies, LLC is a software development company. Their principle products are the SQL relational database SQLBase, and a Rapid application development system called Team Developer. , LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of HALO Technology Holdings Halo Technology Holdings is a parent company of several long established technology sector companies. Halo changed its name and ticker symbol from Warp Technologies Holdings (WARP.OB) in 2006.  (OTCBB:HALO), in a combined cash, stock and asset divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs).  transaction totaling approximately $13.5 million. With an extensive global customer base, GUPTA will bring to Unify an expanded business platform for growth, operations and future acquisitions. With today's announcement, Unify and HALO reported they have terminated the merger agreement announced March 14, 2006.

Unify and GUPTA are enterprise software development and embedded database (1) Database software that is included with an application rather than offered as a separate database management system (see DBMS). Tending to be compact and efficient, an embedded database generally includes fewer features than a full-blown DBMS.  solution companies with complementary product lines, global customer bases, and cost-effective operating models. In acquiring GUPTA, Unify will create a company that doubles its size and provides customers with more product development resources, technical services and increased account management to enable them to build and maintain databases and applications with low maintenance and total cost of ownership.

"Acquiring GUPTA provides Unify with a singular strategy and focus on databases and software development platforms, which has been our core business for over 25 years," said Todd Wille, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Unify. "We look forward to building upon these productive and reliable technologies to provide customers and partners with next generation, web and service oriented architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records.

(2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability.
)-based solutions for their IT development portfolio."

With this acquisition, the thousands of customers and partners using Unify and GUPTA solutions will now have access to more offerings, enabling them to launch further initiatives or expand into new markets. Unify customers will benefit from continued enhancements of all current products, a larger and stronger vendor and partner base, and access to new products. GUPTA customers will benefit from continued enhancements to the Team Developer tools and the SQLBase database as well as from opportunities to leverage Unify's highly scalable DataServer database and award-winning Unify NXJ A business application platform from Unify Corporation, Sacramento, CA (www.unify.com) for building J2EE-based Web applications. Unify NXJ is the company's flagship software product. See UNIFY 2000 and Unify VISION.  and NXJ Composer products.

"We are excited to emerge as a stable, focused technology company with double the revenues, a sizeable loyal customer base and the opportunity to grow organically," Wille added. "We look forward to leveraging our culture of technology innovation and our superior customer service to execute on our strategy of acquiring companies that bring productive technology and applications to partners and IT organizations worldwide."

The terms of the agreement include $5.0 million in cash, which is expected to be financed primarily with debt capital, five million shares of Unify common stock and the sale of Unify's Insurance Risk Management (IRM (1) (Information Resource Management) See Information Systems and information management.

(2) (Inherited Rights Mask) In NetWare 3.x and 4.
) Division and ViaMode intellectual property to HALO. IRM, including its 15 employees, will join with HALO subsidiary DAVID David, in the Bible
David, d. c.970 B.C., king of ancient Israel (c.1010–970 B.C.), successor of Saul. The Book of First Samuel introduces him as the youngest of eight sons who is anointed king by Samuel to replace Saul, who had been deemed a failure.
 Corp. to deliver comprehensive policy, claims and risk management solutions to the alternative risk market. The acquisition is expected to close following the completion of the $5.0 million financing and is not subject to any other closing conditions.

About Unify Corporation (company) Unify Corporation - Developers of the Unify relational database. At one time, before Sybase, they were a competitor of Oracle, et al.

http://unify.com/.

ftp://ftp.unify.com/.
 

Unify provides business automation solutions including specialty insurance risk management applications. Unify's solutions deliver a broad set of capabilities for automating business processes, integrating existing information systems and delivering collaborative information. Through its industry expertise and market leading technologies, Unify helps IT organizations drive business optimization, apply governance and increase customer service. Unify is headquartered in Sacramento, Calif., with offices in London and Paris, and a worldwide network of global distributors. Contact Unify at 916-928-6400 or visit www.unify.com.

Legal Notice Regarding Forward-Looking Statements

This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the Company's forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the insurance industry, computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors, the Company's ability to attract and retain employees in key positions and the risks and uncertainties associated with the acquisition of a significant business unit. In addition, Unify's forward looking statements should be considered in the context of other risks and uncertainties discussed in the Company's SEC filings available for viewing on its web site at "Investor Relations Investor relations

The process by which the corporation communicates with its investors.
," "SEC filings" or from the SEC at www.sec.gov.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 14, 2006
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