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BRIEF-Versant to be bought by Unicom Systems

Oct 1 (Reuters) - Versant Corp :

* Announces agreement to be acquired by unicom

* Says total transaction consideration is expected to be approximately $32

million

* Says transaction has been unanimously approved by versant's board of

directors

* Says shareholders of Versant common stock will receive $11.50 per common

share in cash

* Says permitted to solicit alternative acquisition proposals from third

parties through October 29, 2012

* Withdrawing previously issued financial guidance with respect to the full

fiscal year ending October 31

* Says Versant may respond to unsolicited alternative acquisition proposals

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