Versata will reportedly pay an annual fee of $39 per sf fortheir new 75,000 sf space. The company hopes to add another 25,000sf to its total when more space in the building becomesavailable.
The five-year-old company specializes in consumer and B2B e-commerce software solutions. The new lease represents about half ofwhat comparable space would go for just a few miles across the bayin San Francisco.
Versata went public in March of this year. The company saw itsvalue plummet soon after popping on the first day of trading. Atpress time, blocks of Versata shares were trading for around $16.00apiece.
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