8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

September 9, 2015

Concurrent Computer Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware	0-13150	04-2735766
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4375 River Green Parkway, Suite 100, Duluth, Georgia	30096
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (678) 258-4000

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01. Other Events.

On September 9, 2015, Concurrent Computer Corporation (the “Company”) completed the sale of all customers, certain assets and the transfer of certain liabilities related to its multi-screen video analytics business pursuant to an Asset Purchase Agreement dated August 31, 2015 with Verimatrix, Inc. (“Verimatrix”), a privately-held video revenue security company based in San Diego, California, for $3.5 million.  The Asset Purchase Agreement includes customary terms and conditions, including provisions that require the Company to indemnify Verimatrix for certain losses that it incurs as a result of a breach by the Company of its representations and warranties in the Asset Purchase Agreement and certain other matters.  Proceeds from the sale are payable to the Company as follows: (1) a $2.75 million payment to the Company in cash by September 10, 2015, (2) $0.375 million placed in escrow as security for the Company’s indemnification obligations to Verimatrix under the Asset Purchase Agreement which amount will be released to the Company on or before June 30, 2016 (less any portion of the escrow used to make indemnification payments to Verimatrix) and (3) a $0.375 million deferred payment which will be paid to the Company by Verimatrix on or before June 30, 2016 (less any portion of such amount used to make indemnification payments to Verimatrix after exhaustion of the escrow).  A copy of the press release announcing the sale is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is filed herewith:

Exhibit No.	Description
99.1	Press release of Concurrent Computer Corporation issued on September 10, 2015.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  September 10, 2015

CONCURRENT COMPUTER CORPORATION

(Registrant)

By:	/s/ Emory O. Berry
	Emory O. Berry
	Chief Financial Officer and Executive Vice President of Operations

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EXHIBIT INDEX

Exhibit Number and Description

99.1 Press Release of Concurrent Computer Corporation issued on September 10, 2015.

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EX-99.1

Exhibit 99.1

Verimatrix Acquires Concurrent’s

Multi-Screen Video Analytics Business

ATLANTA –  Sept 10, 2015 – Concurrent (NASDAQ: CCUR), a global provider of high-performance Linux^® and storage solutions, today announced that Verimatrix, Inc. has acquired Concurrent’s multi-screen video analytics business.

“The sale of our video analytics business to Verimatrix is consistent with our plan to simplify our operating model and sharpen our focus on strategic initiatives”, said Derek Elder, CEO of Concurrent.  “We believe this will enable us to better serve new opportunities that take advantage of our core competencies in high performance Linux and storage.”

Verimatrix has acquired the intellectual property and commercial relationships associated with Concurrent’s video analytics business.  They are also hiring members of Concurrent’s video analytics team in order to continue delivering uninterrupted services to existing customers.

About Concurrent

Concurrent (NASDAQ: CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux^® and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day.

Concurrent’s Linux and storage solutions include software, hardware, and services designed for mission-critical applications that require the highest degree of performance and reliability. Our storage products are deployed by customers in a variety of markets to support massively large storage capacities and provide instantaneous access to data.  Our Linux solutions and performance optimization tools enable software applications to run at peak performance, with ultra-low latency, on commercial hardware platforms.

Concurrent’s content delivery solutions consist of software, hardware and services for intelligently processing, storing, distributing and streaming digital content to consumers on a wide variety of viewing devices, over two-way interactive communication networks.  These products and services are deployed by video and Internet service providers, broadcasters, and content owners to support consumer-facing video services including live broadcast services, video-on-demand and time-shifted streaming applications such as cloud-based digital video recording.

Our real-time solutions consist of simulation and testing software combined with computer platforms and services. These products are sold to automotive, aerospace, defense, energy and manufacturing companies seeking high-performance, real-time computing solutions for their simulation, data acquisition and process control applications.

Offices are located in North America, Europe and Asia. Visitwww.concurrent.com for further information and follow us on Twitter:www.twitter.com/Concurrent CCUR.

Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

Other important risk factors are discussed in Concurrent's Form 10-K filed August 26, 2015 with the Securities and Exchange Commission (“SEC”), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.

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For more information, contact:

Media Relations:

Kristen Bryant

(678) 258-4221

kristen.bryant@ccur.com

Investor Relations:

ICR

Seth Potter

(646) 277-1230

Seth.Potter@icrinc.com