...to Acquire Pervasive Software

Redwood City, CA – October 5, 2012 – Actian Corporation ("Actian") announced today that it has obtained committed financing from TC Lending, LLC, a subsidiary of TPG Specialty Lending, Inc., which is an affiliate of TPG (“TSL”), in support of its previously announced all-cash offer to acquire all of the common stock of Pervasive Software, Inc. (NASDAQ: PVSW) ("Pervasive") for $8.50 per share.

Actian’s Chief Executive Officer, Steve Shine, commented: “We are pleased to have TSL as our financing partner, and believe their commitment demonstrates both the strength of our current business and the compelling advantages that will be created by our combination with Pervasive.”

Actian reaffirmed its desire to proceed immediately with exclusive discussions to complete a mutually agreed transaction quickly. “We sought to get this committed financing to show that we are ready to proceed immediately” Shine said “We believe our offer is a full and fair value, and Pervasive’s stockholders, employees and customers would be best served by promptly concluding an agreement to combine our companies.”

Actian’s proposal represents a premium of 30% over Pervasive’s closing price of $6.55 on August 10, 2012, the last trading day before Actian announced its offer and a premium of 41% over the average closing price of Pervasive’s shares over the two years preceding Actian’s announcement.

Actian’s proposal and TSL’s financing commitment are subject to satisfaction of customary closing conditions, including confirmatory due diligence, execution of definitive agreements and the receipt of all necessary stockholder and regulatory approvals.