Unify Corporation Changes Name to Daegis, Affirming Transformation to eDiscovery Company
July 06 2011 - 2:30PM
Business Wire
Unify Corp. (NASDAQ:UNFY) today announced that it will change
its name to Daegis Inc., effective at 4:59 p.m. ET today.
Commencing with the market open on Thursday, July 7, 2011, the
newly renamed Daegis will trade on the NASDAQ under the symbol
DAEG.
“Today’s name change signifies the broader changes taking place
at the company following our June 2010 merger with Daegis,” said
Chief Executive Officer Todd Wille. “The eDiscovery business is now
the largest and fastest growing part of our company, and changing
our name to Daegis reflects our excitement about our future growth
and leadership within the eDiscovery space.”
The Company’s application development, database and migration
business will retain the brand name Unify and continue with no
change to day-to-day operations, sales or customer support.
About Daegis Inc.
Daegis is a global provider of eDiscovery and information
management solutions. Its eDiscovery solutions enable general
counsel and law firm clients to reduce litigation costs, increase
defensibility, and furnish a blueprint for repeatable success
across the litigation lifecycle. Its information management
solutions helps customers archive enterprise information, and
build, manage and modernize applications. Daegis is headquartered
in Roseville, Calif., and its eDiscovery business in San Francisco,
Calif. The Company has offices throughout the United States and in
Europe, Latin America and Asia Pacific. For more information visit
daegis.com and unify.com. Follow us via our blog and Twitter at
@daegis.
Cautionary Statement Regarding Forward-Looking
Statements
Some of the information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of the Company. We wish
to caution you that these statements involve risks and
uncertainties and actual events or results may differ materially.
Among the important factors which could cause actual results to
differ materially from those in the forward-looking statements are
general market and economic conditions, our ability to execute our
business strategy and integrate acquired businesses, including the
integration of the Daegis business, the possibility that expected
synergies may not be achieved, the leverage created by the term and
revolving debt incurred as part of the Daegis merger, the
effectiveness of our sales team and approach, our ability to
target, analyze and forecast the revenue to be derived from a
client and the costs associated with providing services to that
client, the date during the course of a fiscal year that a new
client is acquired, the length of the integration cycle for new
clients and the timing of revenues and costs associated therewith,
our client concentration given that the Company is currently
dependent on a few large client relationships, potential
competition in the marketplace, the ability to retain and attract
employees, market acceptance of our service programs and pricing
options, our ability to maintain our existing technology platform
and to deploy new technology, our ability to sign new clients and
control expenses, the possibility of the discontinuation of some
client relationships, the financial condition of our clients'
business and other factors detailed in the Company's filings with
the Securities and Exchange Commission, including our recent
filings on Forms 10-K and 10-Q.
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