Class Action Lawsuits Against BroadVision, Inc. Dismissed by Plaintiffs

The plaintiff of the four pending shareholder class action complaints against BroadVision, Inc. which is a global provider of web self-service solutions have agreed to dismiss their complaints which was related to the previously announced merger agreement with Vector Capital, terminated in November.

“We are pleased that each of the plaintiffs has agreed to dismiss the complaints, and that we are now able to redirect our resources to more productive activities,” said Pehong Chen, CEO of BroadVision.

The court approved the dismissals on Friday, December 9, 2005. No payments of any kind were made or will be made by the Company or its directors to obtain the dismissal of the four complaints.

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