It comprised many form factors of laptops, from conventional clamshell notebooks to pen-enabled convertibles featuring detachable displays, before the line was effectively discontinued in 2009 after NEC pulled out of the global market for personal computers.

The UltraLite Versa featured Intel's i486SL microprocessor clocked at 20 MHz, taking advantage of the latter's internal local bus for faster graphics processing (including displaying full-motion video) than typical notebooks of the time, such as the Compaq LTE and the Zenith MastersPort.

The laptop's screen could also be attached to the base turned 180 degrees away from the viewer and folded over the keyboard, allowing the user to use the machine like a tablet.

Instead of the i486SL, models in this series of Versa feature Intel DX2 processors clocked at either 40 or 50 MHz; however, like its predecessor, the modularity of the display technology is retained.

[17][18] In March 2009, NEC withdrew its personal computer products from markets outside Japan, effectively ending the Versa brand proper.