Data management solution provider Actian, a portfolio company of Garnett & Helfrich Capital, has agreed to acquire Pervasive Software (NASDAQ: PVSW) for approximately $161.9 million. Actian will pay $9.20 per share for all of Pervasive's outstanding shares. Based in Austin, Pervasive provides cloud-based and on-premise data managements solutions. The combined company is expected to have the technology and global presence to extract, analyze and take action on big data in real time. The transaction is expected to close in the second calendar quarter of 2013.