TigerLogic Announces Definitive Agreement to Divest Its D3 MDMS Business for Approximately $22 Million to Rocket Software

 TigerLogic Announces Definitive Agreement to Divest Its D3 MDMS Business for
                 Approximately $22 Million to Rocket Software

PR Newswire

IRVINE, Calif., Oct. 16, 2013

IRVINE, Calif., Oct. 16, 2013 /PRNewswire/ -- TigerLogic Corporation, (Nasdaq:
TIGR), today announced the signing of a definitive agreement to divest its
Multidimensional Database Management Systems ("MDMS" or "D3") business to
Rocket Software, Inc. ("Rocket Software") for gross proceeds of approximately
$22 million in cash. The sale is expected to close within the fourth calendar
quarter of 2013, and is subject to satisfaction of customary closing

"TigerLogic has evolved rapidly over the last 12 months, and has taken actions
designed to capture the fast-growing demand for cloud platforms enabling
mobile and social solutions. The sale of the MDMS business is a further step
toward our focus on extending the growth and reach of the Postano and Omnis
platforms," said Richard Koe, President and CEO of TigerLogic. "The closing of
this transaction will allow TigerLogic to concentrate on initiatives that
support our vision of enabling brands and companies to integrate curated
mobile and social solutions across multiple digital environments. Moreover,
the divestiture of the MDMS assets will provide additional resources to
support stronger sales growth and further development of our social and mobile

"This is a logical next step for our business and a strategic decision that
should enable the D3 business to flourish as well," continued Koe. "TigerLogic
selected Rocket Software because of its knowledge of the MDMS space, and its
deep commitment to support our D3 partners and customers. Rocket Software is
known for its strong operational expertise, particularly in corporate
divestitures that require seamless transfers of significant business
operations, which is an imperative for our D3 partners and customers. To that
end, we also announce today that John Bramley, TigerLogic's Vice President,
Operations, agreed to join Rocket Software, effective upon the closing, as the
business executive responsible for managing the development and evolution of

"This is a good and not surprising move for TigerLogic, as it allows them to
concentrate their energy and resources on the core, strategic components of
their business in order to drive further innovation and growth," said Scott
Smith, General Partner, Viant Group, Investment Advisor to TigerLogic in this

Conference Call:
A conference call to discuss the signing of the agreement is set for today at
5:30 p.m. Eastern Time.

The call can be accessed by dialing 1-877-481-4996 (Domestic) or
1-518-444-5106 (International), and by providing the operator the conference
ID number 85790465.

A taped rebroadcast of the call will be available approximately two hours
after the call through October 23, 2013. To access the taped rebroadcast, dial
1-855-859-2056/1-800-585-8367 (Domestic) or 1-404-537-3406 (International),
and enter security code 081213 and conference ID number 85790465.

About TigerLogic:
TigerLogic Corporation (Nasdaq: TIGR) is a global provider of application
development solutions for enterprises that need to launch easy and
cost-effective e-business initiatives. TigerLogic's offerings include
cross-platform and mobile solutions for rapid application development, social
media content aggregation, as well as search enhancement. More information
about TigerLogic and its products can be found at http://www.tigerlogic.com.

About Viant Group:
Viant Group is a San Francisco-based boutique investment bank committed to
providing private and public emerging growth and small to mid-market companies
with high quality strategic advisory, merger and acquisition, and capital
raise services. Viant Group leverages decades of strategic, financial, M&A and
operational experience to provide its clients with expert advice. Viant Group
advises clients in a variety of sectors and combines rich industry knowledge
and deep relationships with strategic buyers, private equity and venture
capital firms to bring value to its clients. For more information please
visitwww.viantgroup.com, or call 415-820-6100.

This release contains forward-looking statements, including statements about
the closing of the sale of the MDMS business, the anticipated use of proceeds
therefrom and TigerLogic's strategic focus. Any forward-looking statements are
subject to risks and uncertainties, and actual results could differ materially
due to several factors, including but not limited to: TigerLogic's ability to
close and divest its MDMS assets successfully, without management disruption
or other impacts on its ongoing operations, and to deploy the proceeds from
the transaction towards support and growth of its Omnis and Postano platforms;
the success of its research and development efforts; its ability to penetrate
new markets and compete successfully in a highly competitive and rapidly
changing marketplace; technical risks related to such products; the
availability of adequate liquidity; and other risks and uncertainties. Please
consult the various reports and documents filed by TigerLogic with the U.S.
Securities and Exchange Commission, including but not limited to the most
recent reports on Form10-K and Form10-Q, for factors potentially affecting
TigerLogic's future financial results. All forward-looking statements are made
as of the date hereof, and TigerLogic disclaims any responsibility to update
or revise any forward-looking statement provided in this news release.

SOURCE TigerLogic Corporation

Website: http://www.tigerlogic.com/
Contact: Thomas Lim, Chief Financial Officer, Phone: (949) 442-4400, Fax:
(949) 250-8187, thomas.lim@tigerlogic.com
Press spacebar to pause and continue. Press esc to stop.