Concurrent Computer Corporation: Concurrent Closes Previously Announced Sale of Content Delivery & Storage Business to Vecima Networks for $29 Million; Changes Name to CCUR Holdings, Inc.

ATLANTA, 2018-01-04 00:07 CET (GLOBE NEWSWIRE) --
Concurrent (NASDAQ:CCUR) reported yesterday that it closed the
previously-announced sale of its content delivery and storage business to
Vecima Networks Inc. (VCM:TO) for $29 million in cash.   Effective immediately,
the Company has changed its name to "CCUR Holdings, Inc."  ("CCUR" or the
"Company").  The Company will continue to trade on the NASDAQ market under the
symbol "CCUR" and has launched a new website located at www.ccurholdings.com. 

About CCUR Holdings, Inc.

CCUR Holdings, Inc. (NASDAQ:CCUR) recently divested its linux and real-time
business and its content delivery and storage business.  The Company is in the
process of evaluating opportunities intended to maximize the value of its
remaining assets, which consists primarily of cash and cash equivalents.  This
will include the evaluation of opportunities to invest in or acquire one or
more operating businesses intended to provide appreciation in value, thereby
enhancing the Company's liquidity, and potentially allowing the Company greater
ability to utilize existing NOLs. More information on the Company is available
at www.ccurholdings.com. 

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 the
Company's future prospects, developments and business strategies. Except for
the historical information contained herein, the matters discussed in this
communication may contain forward-looking statements that involve risks and
uncertainties that may cause the Company'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 affect the ability of the Company to invest or
acquire an operating business or otherwise maximize the Company's assets;
general business conditions; changes in overall economic conditions; the impact
of competition; and other factors which are often beyond the control of the
Company, as well other risks listed in the definitive proxy statement filed on
November 6, 2017 or the Company's Form 10-K filed September 20, 2017 with the
Securities and Exchange Commission and risks and uncertainties not presently
known to the Company or that the Company currently deems immaterial. CCUR
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. CCUR does not undertake any obligation to update forward-looking
statements, except as required by law. 

Investor Relations:
Doug Sherk
[phone]
[e-mail]

Todd Kehrli
[phone]
[e-mail]