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Battery Ventures Acquires the Real Time Business from Concurrent

Concurrent Computer Corporation (NASDAQ: CCUR) has sold its Real-Time business segment to technology-focused investment firm Battery Ventures for gross proceeds of $35 million cash, subject to customary post-closing adjustments and indemnification obligations. The Real-Time business segment will operate as an independent, privately-held company doing business as Concurrent Real-Time, Inc.

The Concurrent Real-Time website can be found at www.concurrent-rt.com

A link to the transaction details can be found here

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