San Diego, CA -- (SBWIRE) -- 03/03/2015 -- An investor who currently holds shares of Saba Software, Inc. (OTCMKTS:SABA), filed a lawsuit in effort to stop the proposed takeover of Saba Software, Inc. by an affiliate of Vector Capital at $9.00 per share.

Investors who purchased shares of Saba Software, Inc. (OTCMKTS:SABA) and currently hold any of those OTCMKTS:SABA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to OTCMKTS:SABA stockholders by agreeing to sell Saba Software, Inc.. too cheaply via an unfair process to Vector Capital

On February 10, 2015 Saba Software, Inc. (OTCMKTS:SABA) announced that it has entered into an agreement with affiliates of Vector Capital under which an affiliate of Vector Capital will acquire all of the outstanding shares of Saba Software, Inc. (OTCMKTS:SABA) common stock for $9.00 per share in an all cash offer.

However, the plaintiff claims that the proposed consideration OTCMKTS:SABA shareholders will receive is grossly inadequate and undervalues Saba Software, Inc. Indeed, at least one analyst has set the high target price for SABA shares at $17.00 per share. In addition, the plaintiff claims that the process is also unfair to OTCMKTS:SABA stockholders.

Those who are current investors in Saba Software, Inc. (OTCMKTS:SABA) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com