EMC Buys Documentum, Strikes Deal with BMC Software
Continuing its buying spree, EMC will acquire content management software company Documentum for approximately $1.7 billion. Documentum's software helps enterprises manage unstructured content of all types, from audio/video (A/V) files to electronic documents. According to EMC, the acquisition will let it offer customers a complete information lifecycle management solution. The solution will cover every aspect of content management from creation and use to archiving and disposal.
Documentum stockholders will receive 2.175 shares of EMC for each share of Documentum. The transaction is expected to be completed in first quarter 2004. After its acquisition, Documentum will operate as a software division of EMC. Current CEO Dave DeWalt will continue to lead the company, which will maintain its headquarters in Pleasanton, California.
EMC also announced this week that BMC Software has named it a Foundation Partner for storage. EMC will work with BMC Software to integrate its ControlCenter family of storage-management software with BMC Software's enterprise management solutions. The first phase of integration, which is complete, integrates EMC's ControlCenter with BMC Software's PATROL Enterprise Manager (EM).