Fremont, CA / USA
2007/03/29
Versant (NASDAQ: VSNT) announced today that it plans to move its corporate headquarters from Fremont, California to Redwood City, California on or about June 1, 2007. Versant’s new headquarters will be located at 255 Shoreline Drive, Redwood City, which the Company will occupy under a 36-month lease. The facility is situated in an existing office building which will house the Company’s U.S. sales, marketing, support and administrative operations.
“As our current office lease in Fremont is expiring at the end of June 2007, we are pleased to announce that our new facility will be situated less than 10 miles from our current location. Our new site should provide an environment that further facilitates teamwork and communication. Over the last two years, the Company has sought to focus more on our core competencies, and to achieve spending levels that are suitable to our revenue levels,” said Jochen Witte, Chief Executive Officer. “The new building facility reduces the overall square footage of our U.S. headquarters from approximately 54,000 to approximately 6,800 square feet, providing suitable space for our corporate needs in the U.S., as well as reducing overall cash outflows related to building lease payments and other building related costs after June 2007.”
About Versant
Versant Corporation (NASDAQ: VSNT) is an industry leader in specialized data management software, which helps companies to handle complex information in environments that have high performance and high availability requirements. Using the Versant Object Database, customers cut hardware costs, speed and simplify development, significantly reduce administration costs, and deliver products with a strong competitive edge. Versant's solution is deployed in a wide array of industries including telecommunications, financial services, technology, transportation, manufacturing and defense. With over 50,000 installations, Versant has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Sagem, U.S. Government and Financial Times. For more information, call +1 510-789-1500 or visit www.versant.com.
Versant is either a registered trademark or trademark of Versant Corporation in the United States and/or other countries. All other products are a registered trademark or trademark of their respective company in the United States and/or other countries.
Forward Looking Statements Involve Risks and Uncertainties
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. These forward-looking statements include the statements in this press release regarding the reduction of Versant’s overall cash outflows related to building lease payments and other building related costs and Versant’s expectations that the move to its new U.S. headquarters in Redwood City will not have any material impact on Versant’s prior financial guidance for fiscal year 2007. Investors are cautioned that any such forward-looking statements are not guarantees of Versant’s future performance and involve significant risks and uncertainties. The forward-looking statements contained in this press release are made only as of the date of this press release, and Versant assumes no obligation to publicly update any forward-looking statement. Investors are cautioned not to place undue reliance on forward-looking statements. Additional information concerning factors that could cause Versant’s results to differ can be found in the Company’s filings with the Securities and Exchange Commission, including without limitation the Company’s most recent Annual Report on Form 10-K for the year ended October 31, 2006.
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Versant, Vitness, Vorkout, Vildcard, Vhistle, Vhisper, Varehouse, Vedding, reVind and FastObjects are either registered trademarks or trademarks of Versant Corporation in the United States and/or other countries. All other products might be a registered trademark or trademark of their respective company in the United States and/or other countries.
Add-on Modules for the Versant Object Database.
If mission critical deployments are a part of your business or if you need to access data through SQL, Versant provides Enterprise-class Add-on Modules for the Versant Object Database.
The observation of a production system is a cornerstone to the proper establishment of an adequate System & Network Management policy.
Using Versant Vitness for the advanced monitoring of your entire Versant Object Database environment provides you with a fundamental tool for all database administration operations and decisions.
The Vitness add-on module delivers real-time views of performance data and analytical information about the Versant Object Database at the push of a button. Proactive database monitoring prevents potential faults that could be unexpectedly generated by an unobserved system - Versant Vitness alerts administrators before database availability is affected. Can life get any easier?
Versant Vorkout is a Database Reorganizer Tool for applications that delete large numbers of objects. It lets you reclaim unused space in your database while it is in normal operation, increasing available free space and improving database performance. Last but not least Vorkout is tightly integrated and can be used through Versant Vitness.
Over time as objects grow or are deleted, empty holes are created in the tightly packed database resulting in fragmentation of data segments. Thus, performance starts degrading and disk usage is also increased.
Versant has addressed this issue by introducing Vorkout - the enhanced tool provides the user the ability to analyze a database for wasted space and reorganizes the data for reduced fragmentation and restored performance.
Vedding is an add-on software module for the Versant Object Database enabling automatic fail-over and recovery in the case of hardware or software failure. This is commonly known as a Fault Tolerance environment.
Vedding uses synchronous replication between two database instances and supports transparent re-synchronization in the event of a failure. Synchronous database replication mirrors the contents of one database to another in a predictable and orderly manner. This provides either local or geographically remote redundancy, which protects against the unavailability of data.
The Vhistle add-on module for Asynchronous Replication supports both master-slave and peer-to-peer asynchronous replication between multiple Versant Object Database servers. This can be used to replicate data to a distributed recovery site or to replicate data between multiple local object servers for increased performance and reliability.
In many applications, there is a need to replicate data, typically to improve availability, to improve performance by geographically co-locating databases with the applications that access the databases, to isolate decision support systems from online production systems, and to help in recovery from failures using warm-standby systems.
Vhisper provides Warm Standby capabilities to a Versant Object Database. The add-on module is used as an incremental rollforward recovery. It is designed to minimize the downtime in an emergency event.
With Vhisper, an up-to-date copy of the primary database is maintained - this is a Warm Standby database. In case of an emergency, the Vhisper's Warm Standby database can be updated very quickly to the state of the primary database. Instead of starting a full database restore that may take a considerable time with large databases, you just need to apply the last roll forward archive plus the logical.log of the primary database to the Warm Standby database - and you are ready for anything.
Varehouse is an add-on software module that enables the Versant Object Database to use the disk mirroring features of EMC Symmetrix or other enterprise storage systems to take an online backup of very large data volumes without impacting availability (High Availability Backup, HAbackup).
Varehouse, Versant's High Availability Backup solution, is a generic way of achieving continuous online backup of the Versant Object Database. It exploits the capabilities of special storage devices. It allows the user to execute certain operations such as, splitting a mirrored device, after bringing the database to a consistent state.
Vildcard enables you to run a discounted standby server in parallel to your initial Versant Object Database server.
Most likely, Vildcard is used for generic cold standby environments where backups are accomplished manually in certain periods.
reVind is an Add-on module for the Versant Object Database. The Versant/SQL suite of software modules permits you to use conventional Structured Query Language (SQL) semantics to access data that resides in a Versant Object Database.
The resulting application architecture can offer the strengths of both the relational and the object database models, such as the openness and interconnectivity of relational tables along with the expressiveness and performance of object collections.