It's a bit of old news (what I get for taking the summer off), but ERP vendor Versata, which is based in Austin, Texas, has acquired Everest Software, whose headquarters are in Dulles, Va. Everest started life in 1994 as iCode and back in the 1990s adopted its current name. It went through a series of management changes and at one time was promising to sign up a lot of Navision VARs. That never happened. However, when the deal was announced, it was reported that Everest grew revenue by 25 percent over the past two years, while reducing expenses by 50 percent. Versata will operate Everest as a stand-alone entity with a dedicated customer service and product team, according to a press release announcing the deal. Versata, an affiliate of Versata Enterprises, operates a number of ERP companies as part of its portfolio. Top management will change with a veteran from Versata, Danielle Royston, taking over what was referred to as the Versata-Everest team. Versata itself offers vertical packages for the automotive, retail, banking, insurance and brokerage, government and high-tech/manufacturing markets.