July 1, 2009 (FinancialWire) — Unify Corp. (NASDAQ: UNFY) said it has completed its acquisition of AXS-One, a provider of content archiving software solutions. The all-stock transaction, which stockholders of both Unify and AXS-One approved on June 30, is valued at around $10 million.

Under the terms of the merger agreement, all AXS-One outstanding common stock, options and warrants to purchase AXS-One common stock were converted into one million shares of Unify common stock. $13.1 million of convertible notes of AXS-One were exchanged for around 2.1 million shares of Unify common stock.

Roseville, California-based Unify is a provider of application development, data management, migration and content archiving solutions.

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