EMC acquires Documentum

EMC has entered an agreement to acquire content management company Documentum for approximately US$1.7 billion in stock. The deal boosts EMC's ever expanding software story yet further.

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By  Matthew Southwell Published  October 15, 2003

EMC has entered an agreement to acquire content management company Documentum for approximately US$1.7 billion in stock. The deal boosts EMC's expanding software story yet further and should enhance its ability to provide users with solutions capable of align users' content with their information infrastructures.

The storage giant also claims that a combined EMC/Documentum solution will help customers develop total information lifecycle management solution that facilitate more effective data management, from creation and use through to archive and disposal.

"Much of the information in today's enterprise is unstructured data," says Joe Tucci, EMC's President & CEO.

"Documentum enables organisations to organise and manage their growing volumes of unstructured data by leveraging knowledge about that data... We believe Documentum's rich software development talent, its management strength and depth, its top-notch sales, marketing and services expertise in content management, and its blue-chip customer base will add significant strategic value as EMC continues to evolve," he adds.

The two firms have worked together in the past, most notably on the 2002 introduction of EMC' content addressed storage (CAS) solution, Centera. When the deal is complete, EMC intends to operate Documentum as a software division that remains focused on selling and servicing its own products and solutions.

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