Commitments and Contingencies

6 Months Ended

Apr. 30, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Lease commitments

Versant’s principal commitments as of April 30, 2012 consist of obligations under operating leases for facilities and equipment.

Versant leases office space for its U.S. headquarters in Redwood City, California and also leases field office space in Cupertino, California and Hamburg and Munich, Germany under operating lease agreements. The Company's operating lease arrangements as of April 30, 2012 are summarized below (in thousands):

Leased Office Facility:	Lease Expiration Date	Total Rent Payable over the Remaining Lease Term		Options to Renew at Fair Value
Hamburg, Germany	11/30/2014	$	435	Two three year renewal options
Redwood City, California	5/31/2013	$	223	Two one year renewal options
Munich, Germany	2/28/2014	$	47	Single two year renewal option
Redwood City, California	5/31/2014	$	211	Single one year renewal option
Cupertino, California	1/15/2013	$	28	none