EMC will buy Document Sciences for $85M
Storage company EMC has agreed to buy Document Sciences, a developer of software
for personalizing mailshots and other communications. The acquisition will allow
EMC to extend its offering
in the field of transactional content management, which it sees as the fastest-growing
part of the enterprise content management market. It plans to incorporate Document
Sciences into its content management and archiving division.
Using xPression, Document Sciences' flagship application, companies can automate
the creation and delivery of personalized communications such as brochures and
contracts. The data can be drawn from CRM (customer relationship management),
ECM (enterprise content management) and ERP (enterprise resource planning) systems,
it said.
Automating the processes can save companies money or speed deals along, Document
Sciences said. It has more than 500 customers using its software, it said.
Document Sciences and EMC have been partners since 2004, when Document Sciences
signed an agreement to integrate its xPression software with EMC's Documentum
platform.
Acquiring Document Sciences will allow EMC to further its goal of delivering
systems for handling business problems end to end, it said.
The xPression software could be useful for companies building transaction-intensive
consumer financial applications such as new account enrollment, wealth management,
brokerage and claims processing.
The acquisition, for US$85 million [M] in cash, already has the approval of
the companies' boards of directors. Subject to customary closing conditions,
including the approval of regulators and Document Sciences' shareholders, the
companies expect to close the deal by the end of March.
EMC went on a buying spree in 2003, buying Legato and Documentum and has added
around 20 companies since then, including security and encryption company RSA
Security, virtualization specialist Rainfinity, and other companies such as
Acartus, Captiva and Internosis.
IDG News Service
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