Versata Enterprises Acquires AlterPoint

Acquisition of Network Management Software Leader Reinforces Versata’s Focus on Removing Costs from IT Infrastructure Management

AUSTIN, Texas--(BUSINESS WIRE)--Versata Enterprises, Inc. (Versata), a leading provider of enterprise software solutions, announced today the acquisition of AlterPoint, Inc. (AlterPoint), a leading provider of network management solutions that analyze and optimize network change, compliance, security and equipment lifecycles. AlterPoint’s network management solution, NetworkAuthority, provides intelligent, automated network change and configuration management for multi-dimensional, multi-vendor networks.

“The acquisition by Versata provides an outstanding path forward for AlterPoint’s customers and products”

Versata has almost two decades of experience partnering with hundreds of large enterprises to enhance and simplify critical IT operations. The company maintains a persistent focus on decreasing customers’ IT spending by reducing hardware and associated maintenance, leveraging open source technology, and accelerating value delivery to business customers. As one of the only companies in the industry with a focus on total cost takeout, Versata has established a reputation as a true ally to the IT department.

The company will operate AlterPoint as a stand-alone entity with a dedicated customer service and product team. AlterPoint joins the Versata portfolio consisting of multiple enterprise software companies acquired and integrated over the past three years. Integration will begin with implementation of Versata's Customer Success program, designed to emphasize Versata's intense focus on successful customer relationships and alignment of product development investments with customer priorities.

"The acquisition by Versata provides an outstanding path forward for AlterPoint’s customers and products,” said Scott Harmon, AlterPoint’s CEO. “Through Versata’s highly-respected Customer Success program, we will continue to deliver solutions to the world’s largest companies with the world’s most complex networks. AlterPoint will be a stronger company and in an even better position to deliver the world’s most fully-featured network management and CMDB solutions.”

Versata veteran Danielle Royston will assume a leadership position for the Versata-AlterPoint team. “AlterPoint’s NetworkAuthority is the premier product for network management and change at some of the largest companies in the world. We will continue to work with AlterPoint’s customers to enhance NetworkAuthority and deliver even more value from their large complex networks. Scott Harmon and his team have done a great job of building a best-of-breed network management software company and we are excited to have them as part of the Versata family.”

About AlterPoint, Inc.

AlterPoint network management solutions optimize network spend and better align IT with business imperatives. The world’s most respected enterprises rely on AlterPoint to curb hardware over-provisioning, reduce specialized labor, lower the cost of compliance, and improve the availability of network services. AlterPoint’s open, comprehensive network CMDB combines operational and business data to automate, analyze and optimize network change, compliance, security and equipment lifecycles. Multiple stakeholders benefit from AlterPoint’s customizable analytics and dashboards for impact assessment, faster troubleshooting, compliance scorecards and trend analysis. Founded in 2001, AlterPoint is headquartered in Austin, Texas. For more information, please visit http://www.alterpoint.com.

About Versata Enterprises, Inc.

With a global presence covering 45 countries, Versata Enterprises solves the most complex business problems for the world's largest organizations. Versata Enterprises comprises a number of leading enterprise solution providers, including Versata, Inc., Artemis International Solutions Corporation, Nextance, Inc., Gensym Corporation, Clear Technology, Inc., Tenfold Corporation, eCora Software, Inc., and Evolutionary Technologies, Inc. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata's market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides twice-yearly opportunities for customers to score Versata's performance against commitments. Versata's world-class engineering capability ensures substantive and valuable product releases, thereby ensuring customer success. Versata also offers customers the opportunity to leverage Versata's global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Versata's relentless focus on customer priorities, coupled with an unmatched global engineering capability, provides Versata customers continuous innovation and repeatable value propositions.

For more information, please visit http://www.versata.com.