SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

February 27, 2015 11:22 ET

UPDATE - INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of SABA SOFTWARE, INC. of PENDENCY OF CLASS ACTION Lawsuit in Connection With the Fairness of the SALE OF THE COMPANY TO VECTOR CAPITAL -- SABA

NEW YORK, NY--(Marketwired - Feb 27, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF SABA SOFTWARE, INC. (OTCBB: SABA) PRIOR TO FEBRUARY 11, 2015 AND CONTINUE TO HOLD SUCH SHARES.

YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in Delaware state court. If you purchased or otherwise acquired Saba Software common stock prior to February 11, 2015 and continue to hold your shares, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION.

 Click here to learn more about the action: http://zlk.9nl.com/saba-software-saba. There is no cost or obligation to you.

The Board of Directors of Saba Software agreed to sell the company to Vector Capital. Under the terms of the transaction, Saba Software shareholders will receive $9.00 in cash for each share of Saba Software stock they own. The investigation concerns whether the Board of Saba Software breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Vector Capital is underpaying for Saba Software shares. In particular, Saba Software stock has traded above the offer price as recently as February 6, 2015, and traded as high as $13.70 per share in December.

If you own Saba Software common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/saba-software-saba.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.