Subsequent Event

12 Months Ended

Jun. 30, 2012

Subsequent Event [Abstract]

Subsequent Event

12. Subsequent Event

On August 13, 2012, the Company received an unsolicited, non-binding letter from Actian Corporation proposing to acquire all of the outstanding shares of the Company’s common stock for $8.50 per share in cash. The Company has retained Shea & Company, LLC to assist and advise the Company’s board of directors in its evaluation of such proposal, as well as the Company’s other strategic alternatives, including remaining independent and executing its existing strategic plans. Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, including Shea & Company, LLC, the Company’s board of directors will continue to evaluate the proposal and other strategic alternatives and determine the appropriate course of action that it believes is in the best interests of the Company’s stockholders.