News Release 12/04/2008
db4objects, Inc. sells its object database business to Versant Corporation in order
to focus on Servo, its ground-breaking user data management service
db4objects, Inc. will now be known as Servo Software, Inc. with offices in San
Mateo, California, and Hangzhou, China
SAN MATEO, Calif., Dec. 4, 2008 - Servo Software, Inc. (formerly: db4objects, Inc.), creator of the leading open
source object database, announced today that it has sold its db4o object database
business to Versant Corporation (Nasdaq: VSNT),
a leading provider of specialized
data management software. In the transaction, Versant acquired the assets of db4objects’
database business, including db4objects’ database software, related customer and
community relationships, trademarks, websites and other intellectual property. Carl
Rosenberger, founder and CTO of db4objects, Inc., has joined Versant as Chief Software
Architect, db4o product line, together with several other personnel who managed
the db4o business for db4objects.
The db4o business acquired by Versant provides a highly popular object database
software native to Java and .NET under both open source and commercial licenses
to a large open-source community of approximately 50,000 registered members in 190
countries. With some 2 million downloads since 2001, the db4o business has established
the relevance and remarkable efficiency of the open-source model. The feature-rich
db4o technology has been deployed by many innovative companies.
Joining Versant’s larger database business will give the db4o solution increased
community presence worldwide, as well as an expanded field engineering and support
organization. With these additional resources, it is expected that the db4o business
will be best positioned to reach its full potential and further increase its footprint
as one of the major database technologies.
"After many years of growth in community, customer base and revenue, it is time
for db4o to get to the next level", said Carl Rosenberger, founder and CTO of db4objects,
Inc. "The transaction with Versant should be beneficial for our developers worldwide
and our customers, and I look forward to working with all of them in this new, expanded,
"The db4o community has done an outstanding job of delivering a top quality object
database solution to the embedded software market", said Jochen Witte, CEO, Versant
Corp. "In the process, it has demonstrated to the entire software community the
value that object database technology adds to the software developer’s toolkit.
Versant looks forward to continuing the support of the db4o open source community,
helping to build long-term value for object-oriented developers."
Introducing Servo Software, Inc.
db4objects, Inc. has renamed itself "Servo Software, Inc."
in order to focus on its ground-breaking Servo user data management solution. Servo
remains in stealth-mode until the announcement of its first deployed service in
2009, with several of the world’s leading wireless service providers and a number
of leading wireless device manufacturers. Servo Software will keep its head office
in San Mateo, California, as well as continue to expand its presence in China, where
most of its engineering operations are located. The sale of the db4o business will
enable Servo Software to dedicate its full attention and increased resources to
launching its Servo service in 2009.
"We are proud of what we’ve achieved with db4o in such a short period of time, leveraging
the capital efficiency of the open source model", said Christof Wittig, CEO of Servo
Software, Inc., "now we’ve strengthened that business with the sale to Versant.
We wish our friends in the db4o community, our customers and our former colleagues
well in this expanded framework. Now is the time for us to focus on the huge potential
of the Servo technology, with a very exciting 2009 year ahead of us."
For more information on Servo Software, Inc., visit the company’s website at www.getservo.com
or send an email to: firstname.lastname@example.org. For more information on db4objects or any
of its products, visit the company’s Web site at www.db4o.com or send an e-mail
to: email@example.com. To join the largest open source community on object databases
About Servo Software, Inc. (formerly db4objects, Inc.)
Servo Software (www.getservo.com) is the developer of the Servo user data management
service. Servo is currently in stealth-mode until the service is deployed in 2009
with several of the world’s leading wireless service providers and a number of leading
wireless device manufacturers. Servo Software is based in San Mateo, California,
with offices in Hangzhou, China, and backed by noted Silicon Valley luminaries including
Mark Leslie, founding CEO of Veritas; Jerry Fiddler, founding CEO of Wind River;
Vinod Khosla, founding CEO of Sun Microsystems as well as Palo Alto-based Asset
Management venture firm.
About Versant Corporation
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, accelerate and simplify development, significantly reduce administration
costs, and deliver products with a strong competitive edge. Versant's solutions
are deployed in a wide array of industries, including telecommunications, financial
services, 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, US Government, Financial Times and many more.
For more information, call 650-232-2400 or visit
Press and analyst contacts – Servo: firstname.lastname@example.org
Press and analyst contacts – db4objects: email@example.com
Press and analyst contacts – Versant: firstname.lastname@example.org
Forward Looking Statements Involve Risks and Uncertainties
This press release contains forward-looking statements, including the statements
in this press release regarding the potential impact on the db4o business resulting
from Versant's acquisition of that business. Investors are cautioned that any such
forward-looking statements are not guarantees of the future performance of the db4o
business or Versant and are subject to significant risks and uncertainties due to
various risk factors, including without limitation risk factors such as the current
downturn in the global economy and competing database technologies.
Versant is a registered trademark or trademark of Versant Corporation in the United
States and/or other countries.
For more information please visit the Versant website.