Future looks bright for Raima Inc. with management purchase of the database business from parent company Birdstep Technology ASA

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The management team of Raima Inc. has successfully completed the purchase of the embedded database business from the parent company Birdstep Technology ASA.

The new Raima Inc. is in a solid position to deliver the products and services our customers have come to expect

Raima Inc., which offers state-of-the-art embedded database and dataflow technologies, today announced that the management team through the Raima Holding Company LLC have completed a share purchase agreement with Birdstep Technology ASA to purchase Birdstep Technology ASA's US Subsidiary (100%) Raima Inc. The Raima Holding Company LLC is a newly established company owned and operated by the current Raima management team.

“Birdstep Technology’s divestment of the Raima subsidiary is in following their strategic decision in late 2009 to focus on the core growth areas of wireless products. The differences between the wireless technologies and the embedded database technologies were too great to gain any real synergy between the two businesses,” says Steinar Sande CEO of Raima Inc.

“The new Raima Inc. is in a solid position to deliver the products and services our customers have come to expect. We are in a good financial position and our subscription based license model over the past couple of years is paying off for our clients and Raima providing predictability to both parties,” says Wayne Dalgardno, COO of Raima Inc. “also, we expect an increase in revenue over the next year with the recent release of RDM Embedded 10 and RDM Server 8.3 with its accompanying extensions.”

About The Raima Database Manager Family

Raima released the first version of the Raima embedded database in 1984. Since then the family has grown into two successful embedded database products. RDM Embedded pioneered the embedded market space under the name dbVista. Building on the success of RDM Embedded, Raima released the product in a client/server configuration under the name Velocis, now called RDM Server. Free download packages of the Raima embedded database SDKs are available at http://www.raima.com/downloads/

About Raima Inc.
Raima Inc. is a premier provider of high-performance embedded database and dataflow solutions known as the Raima Database Manager (RDM) product-line. Since 1984, the company has been focused on solving data management problems in a wide variety of embedded systems markets like Aerospace & Defense, Telecom, Financial, Consumer Electronics, Medical, Industrial Automation, and Business Automation. It is estimated that over time RDM products have been utilized by over 20,000 application developers resulting in over 20,000,000 runtime deployments. Raima continues to lead the way in innovation meeting the ever changing requirements of embedded systems worldwide.

Raima, RDM, RDM Embedded, RDM Server, and dataFlow are trademarks, registered trademarks or service marks of Raima, Inc. “®” indicates registration in the United States of America. All other company and product names mentioned may be trademarks of the respective companies with which they are associated.

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Paul Johnson
Raima Inc.
(206) 748 5300
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Wayne Dalgardno
Raima Inc.
(206) 748 5300
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