BROADVISION, INC. COMMENCES NEXT STEP TO RESTRUCTURE AND SELL BUSINESS THROUGH IMPLEMENTATION OF PREPACKAGED REORGANIZATION PLAN

BroadVision, Inc. (“the Company”) today announced that it has taken the next step to implement the “pre-packaged” plan to restructure the business and be acquired by ESW Capital, LLC, under its previously announced Restructuring Support Agreement (the “RSA”).

BROADVISION, INC. REACHES AGREEMENT WITH SHAREHOLDERS ON PREPACKAGED PLAN TO RESTRUCTURE AND SELL BUSINESS

BroadVision, Inc. (“the Company”) today announced that it has entered into a Restructuring Support Agreement (the “RSA”) with ESW Capital, LLC, a major shareholder of the Company (“ESW” or the “Plan Sponsor”), and other major shareholders of the Company, including Dr. Pehong Chen and Honu Holdings, LLC (collectively, the “Consenting Shareholders”) to restructure the Company.