Concurrent Computer Corporation: Concurrent Files Definitive Proxy Statement for Proposed Sale of Content Delivery & Storage Business to Vecima Networks; Files Form 10Q Reporting Fiscal 2018 First Quarter Financial Results

ATLANTA, 2017-11-13 18:30 CET (GLOBE NEWSWIRE) --
Concurrent (NASDAQ:CCUR), a global leader in storage, protection,
transformation, and delivery of visual media assets, filed a definitive proxy
statement on November 6, 2017 with the Securities and Exchange Commission (SEC)
in connection with the Asset Purchase Agreement dated as of October 13, 2017
between Concurrent, as seller, and Vecima Networks Inc. (TSX:VCM), as
purchaser.  Concurrent's special meeting of stockholders to vote on the
proposed Asset Purchase Agreement and other matters will be held December 13,
2017 at 9:00 AM ET.  The meeting will be held at 4375 River Green Parkway,
Suite 100, Duluth, Georgia 30096.  All Concurrent stockholders of record as of
the close of business on November 3, 2017 will be entitled to vote their shares
at the special meeting, either in person or by proxy. 

In addition, Concurrent reported today it has filed its Form 10Q reporting the
results for the first quarter of fiscal 2018. 

About Concurrent

Concurrent (NASDAQ:CCUR) is a global company that develops software solutions
focused on storing, protecting, transforming, and delivering visual media
assets. We serve industries and customers that demand uncompromising
performance, reliability and flexibility to gain a competitive edge, drive
meaningful growth and confidently deliver best-in-class solutions that enrich
the lives of millions of people around the world every day.  Offices are
located in North America, Europe and  Asia.  Visit www.concurrent.com for
further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR. 

Forward Looking Statements

Certain statements in this communication and the documents referenced herein
constitute forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
often identified by words such as "anticipate," "believe," "intend,"
"estimate," "expect," "see," "continue," "could," "can," "may," "will,"
"likely," "depend," "should," "would," "plan," "predict," "target," and similar
expressions, and may include references to assumptions and relate to
Concurrent's future prospects, developments and business strategies. Except for
the historical information contained herein, the matters discussed in this
communication are forward-looking statements that involve risks and
uncertainties that may cause Concurrent's actual results to be materially
different from such forward-looking statements and could materially adversely
affect its business, financial condition, operating results and cash flows.
These risks and uncertainties include the occurrence of any event, change or
other circumstances that could give rise to the termination of the Asset
Purchase Agreement; the failure to obtain the approval of Concurrent's
stockholders or required third party consents or the failure to satisfy any of
the other closing conditions to the Asset Purchase Agreement; potential
disruption of management's attention from Concurrent's ongoing business
operations due to the transaction; the effect of the announcement of the Asset
Purchase Agreement on the ability of Concurrent to retain and hire key
personnel and maintain relationships with its customers, suppliers and others
with whom it does business, or on its operating results and business generally;
general business conditions; changes in overall economic conditions that impact
consumer spending; the impact of competition; and other factors which are often
beyond the control of Concurrent, as well other risks listed in the definitive
proxy statement filed on November 6, 2017 or Concurrent's Form 10-K filed
September 20, 2017 with the Securities and Exchange Commission and risks and
uncertainties not presently known to Concurrent or that Concurrent currently
deems immaterial. Concurrent wishes to caution you that you should not place
undue reliance on such forward-looking statements, which speak only as of the
date on which they were made. Concurrent does not undertake any obligation to
update forward-looking statements, except as required by law. 

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