Technology licensing company TenFold Corp. said Monday it has agreed to be acquired by Versata Enterprises Inc., a privately owned provider of enterprise business products.

Terms of the agreement call for TenFold stockholders to receive 4 cents in cash for each share of its common stock and convertible preferred stock on an as-converted basis.

The transaction is expected to be completed in the second quarter.

TenFold also said it intends to file to deregister its common stock.