Concurrent Computer Acquires On-Demand and Analytic Solutions Company

8/22/2005 - Concurrent (Nasdaq: CCUR), a worldwide leader of real-time and on-demand technology, announced that it has signed a definitive agreement to acquire Everstream Holdings, Inc., a leader in business intelligence software currently focused on the cable industry and now deployed in seven of the largest North American cable companies. Everstream's current products monitor and analyze operations and performance data from millions of digitally enabled subscribers for real-time analytics, historical reporting, and on-demand advertising.

Concurrent, an investor in Everstream since 2002, will operate Everstream as an independent, wholly owned subsidiary, ensuring that the privacy of data from customers and partners is protected with Everstream's cross-platform solutions. This structure will allow Everstream's partnerships with numerous cable industry operators and vendors, to continue to be fully supported. Protection of sensitive information has been a vital part of Concurrent's 40-year history in high level security projects for government, military and commercial enterprises.

"This acquisition signals our move into the broader market of business intelligence software that can extend into any network involved in real-time customer transactions. It is an initiative in concert with our focus on improving our quality of service for all the industries we serve. We believe there are markets in our real-time business such as finance, homeland security, and gaming that can benefit from Everstream's business intelligence systems," said Gary Trimm, Concurrent's President and CEO. "We will ensure that customers of Everstream receive continued high-quality support enhanced by Concurrent's infrastructure in the North American cable industry. Through our rapidly expanding international business and our worldwide sales and support presence, we believe we will greatly increase Everstream's addressable market."

Everstream's S4 DataSuite enables enterprise-wide collection, aggregation, and standardization of data from hundreds of devices, servers, and systems throughout a digital enterprise network of any type. Everstream's current products are already widely used by cable operators and other broadband service providers to enable industry-standard reporting and analytics for on-demand services, including real-time operational monitoring, performance management, and consumption-based content usage reporting. Future products are expected to expand this capability to other areas including targeted marketing and advertising.

The acquisition is valued at approximately $15 million and will be paid in Concurrent stock. Concurrent will issue Concurrent stock to Everstream stockholders equal to approximately $14.5 million for the Everstream stock it does not already own (Concurrent's existing Everstream stock is valued in this transaction at approximately $0.5 million), determined by dividing $14.5 million by the 30 calendar day average prior to closing. The closing is expected to occur in early October 2005, subject to the approval of the transaction by the Ohio Division of Securities and customary closing conditions. Concurrent expects the transaction to be accretive to earnings in the range of $0.01 to $0.02 per share for the remainder of fiscal 2006 and $0.03 to $0.04 per share for fiscal 2007. Concurrent will gain approximately $2M in cash from the transaction. The agreement includes restrictions on sale of the shares, escrow protection, and other provisions common in such a transaction. In addition, Concurrent can generally terminate the transaction if its average stock price falls below $1.55 and Everstream can terminate the transaction if Concurrent's average stock price goes above $2.78.

"Concurrent is an ideal partner for Everstream not only because of its strength in the on-demand space and strong international presence, but also their commitment to engineering superiority, customer service and quality of service reporting," said Stephen McHale, president and CEO of Everstream. "When considering the synergies between our technologies and the motivations driving this union, you begin to recognize how committed our two companies are to achieving the same goal: providing broadband subscribers with the best entertainment viewing experience possible. We believe this renewed outlook is one that will really resonate with the cable operator community."

Conference Call
Concurrent will host a conference call at 11:00 a.m. ET on Friday, August 19, 2005, to discuss this exciting acquisition. The conference call will be broadcast live over the Internet on Concurrent's web site at, Investor Relations page.

About Concurrent
Concurrent is a global leader in providing digital on-demand systems to the broadband industry and real-time computer systems for industry and government. Concurrent's VOD systems are widely deployed worldwide by major broadband operators and provide a flexible, comprehensive, robust solution which is utilized within the domestic and international broadband cable, DSL, and IP-based markets. The company's powerful and scalable VOD systems are based on open standards and are integrated with the leading broadband technologies. Concurrent is also a leading provider of high performance, real-time computer systems, solutions, and software that focus on hardware-in-the-loop and man-in-the-loop simulation, data acquisition and process control for commercial and government markets. Concurrent has nearly four decades of experience in high performance, on-demand, mission-critical solutions and provides its best of breed solutions through offices in North America, Europe, Asia, and Australia.

About Everstream
Founded in 1999, Everstream has provided enterprise business software and engineering services for the world's largest cable operators, iTV and media companies. Whether through the S4 product line or through contracted services, Everstream's focus is on enabling cross-platform operability between cable operators' on-demand and iTV system technologies, their business back-office, and their media content partners.

Concurrent Computer Corporation and its logo are registered and unregistered trademarks of Concurrent Computer Corporation.

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