TigerLogic Completes Divestiture of MDMS Assets to Rocket Software

      TigerLogic Completes Divestiture of MDMS Assets to Rocket Software

PR Newswire

IRVINE, Calif., Nov. 18, 2013

IRVINE, Calif., Nov. 18, 2013 /PRNewswire/ --TigerLogic Corporation, (Nasdaq:
TIGR), today announced the successful completion of the transaction to divest
its Multidimensional Database Management Systems ("MDMS") business to Rocket
Software, Inc.

"The closing of this transaction is a very important step towards our
transformation to take advantage of what we believe to be great opportunities
for our social and mobile products," said Richard Koe, President and CEO of
TigerLogic. "We can now better focus our resources, and have the capital, to
accelerate the development, marketing and sales of our Postano, Storycode and
Omnis platforms."

"Approximately three and a half years ago, we implemented initiatives to
dramatically update and produce a number of major releases for the MDMS
business," continued Koe. "We believed this effort would enable the database
business to weather a fragile global economy and continue to flourish, and I
believe our team did a remarkable job. Rocket Software's purchase of our MDMS
business demonstrates their commitment to the multi-value database space and
our employees, all which is an imperative for our long standing partners and
customers. I wish to convey to the entire MDMS team my utmost regards for
their many years of service and their long standing commitment to multi-value
database community and its customers," said Koe.

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.

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
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
 
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