Versata Unveils New Logic Suite; New Release Adds Support for WebSphere 5.1
Features To Enhance Developer Productivity
OAKLAND, Calif.--(BUSINESS WIRE)--April 20, 2004--Versata, Inc. (Nasdaq:VATA), a provider of software and services that automate the development and ongoing management of data-intensive applications, today announced the latest version of the Versata Logic Suite, version 5.6.2. The solution adds support for the IBM WebSphere Application Server version 5.1 and provides a range of enhanced features to increase developer productivity.
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Available immediately, the new Versata Logic Suite, which consists of the Versata Logic Server and the Versata Logic Studio, will also be released by IBM and distributed through the company's Passport Advantage Program. In addition to support for the IBM WebSphere Application Server version 5.1, the solution provides improved XML integration and J2EE packaging. Other highlighted features in the new Versata Logic Suite include:
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-- Faster Studio Deployment since the Versata Logic Studio now fully support's the WebSphere Hot Deploy feature which eliminates application server restarts during development, improving deployment time by as much as five times.
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-- Support for IBM WebSphere Application Server Edge Components which can now be used with Versata Logic Server's Transaction Logic Engine
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-- Versata Struts Client installed with product that enables users to build comprehensive, JSP-based applications.
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The latest version of the Versata Logic Suite marks the initial product release delivered under an agreement with Virtusa Corporation, a US-based global provider of software development and related IT services, announced in November 2003.
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"We're encouraged by this first project release completed with Virtusa and look forward to a promising partnership moving forward," said Brett Adam, Versata's CTO and VP of Engineering. "The relationship allowed us to test the new version of the Versata Logic Suite on more platforms at once, ultimately allowing Versata to get to market faster and more effectively."
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About Versata
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Versata provides solutions for automating and simplifying the building, maintenance and ongoing evolution of large, complex, data-intensive enterprise applications. These applications typically access multiple data sources, incorporate multiple database tables and user interfaces, execute very complex business transactions and support thousands of users. The Versata solution effectively and efficiently replaces time intensive hand-coding efforts with simple, intuitive business rules and graphical process flow specification.
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Versata Global 2000 customers include American Management Systems, British Telecommunications, J.P. Morgan Chase & Co., Meridian Health Care Management and Union Bank of California. For more information, please visit www.versata.com or call 800-984-7638.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. Forward-looking statements in this release include without limitation, statements regarding IBM releasing and distributing the new version of the Versata Logic Suite. These statements are not guarantees of future performance and actual results could differ materially from company's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: any unforeseen technical difficulties related to IBM releasing and distributing the new version of the Versata Logic Suite; the business decisions of our clients regarding the use of our system; the pace of technological change; market acceptance; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; elimination of or lack of market interest in application server technology; and other risks detailed in our Company's Annual Report and periodic reports filed with the Securities and Exchange Commission. Versata does not assume any obligation to update such statements or the reasons why actual results could differ materially from those projected in such statements.
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Note to Editors: Versata, Versata Logic Suite and the Versata logo are trademarks of Versata, Inc.
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Contacts
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Versata
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Shannon Lynd, 510-628-1143
Shannon@versata.com