Search 
 


Press Releases
  2008
  2007
  2006
  2005
  2004
  2003
  2002
  2001
Press Coverage
IT Analyst Coverage
Events
Awards
English Literature
German Literature
Polish Literature
   
 
Press Release
Printer Friendly Version View printer-friendly version
<<Back

Unify and Daegis Merge to Become Industry's Most Comprehensive eDiscovery Company

ROSEVILLE , Calif. and SAN FRANCISCO, Calif., – June 29, 2010 – Unify Corp. (NASDAQ: UNFY), a global information management company, and Daegis, a leading eDiscovery solutions provider, today announced that they have merged. Together, the companies will deliver industry-first solutions that integrate information archiving with electronic discovery management to bring organizations flexibility, scalability and predictability across the entire litigation lifecycle.

Under the terms of the agreement, Unify will pay approximately $38 million in a combination of cash, seller financing and stock, detailed more fully below. For the twelve months ended April 30, 2010, Daegis generated approximately $23 million in revenue and $6.5 million in adjusted EBITDA.

By merging, Unify and Daegis will bring new solutions to market that uniquely address the convergence of archiving, information governance and eDiscovery. The combination of Unify’s archive repository and Daegis’ eDiscovery services and technology will facilitate a new level of data management and cost savings for corporate legal departments and law firms. Clients can strategically manage their data within the firewall and, by leveraging Daegis’ eDiscovery Analytics Consulting (eDAC), benefit from intelligent selection of responsive data early in the process. The integration of technologies will enable the preservation and repurposing of valuable attorney work product across multiple matters. These solutions will reduce costs, increase defensibility and furnish a blueprint for repeatable success across the Electronic Discovery Reference Model (EDRM).

"With this merger we are capitalizing on a unique opportunity to leverage the strengths of both organizations to become a leader in the eDiscovery market,” said Todd Wille, CEO of Unify. “The combination of our industry leading archive solution and Daegis’ eDiscovery solution will align IT’s need for intelligent data selection with legal’s need for a defensible eDiscovery process. This is a milestone event for our customers, shareholders and employees as we create a larger, stronger and differentiated company in a fast growing market."

"This merger addresses the future of the industry and opens up a world of possibilities by expanding our platform across the EDRM and into information governance and archiving,” said Kurt Jensen, CEO of Daegis. “We will be able to apply our expert driven search model, led by our eDiscovery Analytics Consulting team, at the onset of the litigation lifecycle. Our unique combination of technology and human expertise will help organizations proactively manage their data through an iterative, interactive and defensible process."

About Unify
Unify (NASDAQ: UNFY) ) is a global provider of application development, data management, migration and content archiving solutions. Unify's software and services modernize and maximize the development, deployment and performance of business-critical applications and data, while providing a measurable return on investment. Unify's content archiving technology, recently acquired from AXS-One, has been critically acclaimed as best of class and enables organizations to archive and manage the retention and disposition of growing volumes for disparate electronic records addressing cost management, corporate governance, legal discovery and regulatory compliance. Unify is headquartered in Roseville, Calif., with offices in Rutherford, London, Munich, Calgary, Paris, and Sao Paulo, Sydney. Visit www.unify.com or email info@unify.com.

About GROUP Business Software
GROUP Business Software is the trusted advisor and leading vendor in Lotus Application Software for midsize to global organizations running on the IBM Lotus platform. With a recognized brand and multi-national presence, GROUP offers a unique level of skills and capacities to customers. Their wide selection of innovative and customizable applications coupled with a highly skilled professional service team ensures customers long-term reliable support and maintenance. GROUP's headquarters are located in Germany with offices throughout Europe and the U.S.

# # #

Unify Contact:
Deb Thornton
Unify Corp.
(916) 218-4779
deb@unify.com

Investors:
Todd Kehrli
MKR Group, Inc.
(323) 468-2300
unfy@mkr-group.com

AXS-One Contact:
Marie-Charlotte Patterson
AXS-One
201-372-6243
mpatterson@axsone.com

 



News & Events  


Get Started

Subscribe to our newsletter
Request a call
   
 
   
   
   
 
 

Home