Feeds

EMC plunks down $1.7bn for Documentum

Software for sale

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

EMC has snatched up yet another software company, bidding $1.7 billion for Documentum.

EMC wants to expand its software portfolio away from simply managing boxes and toward managing data. Documentum fits in well with this goal as the company has a suite of software centered around content management. The stock-for-stock swap is expected to close in the first quarter of 2004 - standard regulatory and shareholder approvals apply.

EMC has been on a bit of a buying binge. In July, the hardware giant grabbed Legato for $1.3 billion, and before that it bought SRM (storage resource management) specialist Astrum Software. These moves fit in with EMC's strategy to make software sales a bigger chunk of overall revenue.

Documentum's products come in a little further down the stack than either Legato or Astrum. Based out of Pleasanton, California, Documentum does not deal in hardware management but instead stays true to its name, managing documents. It helps customers keep track of things such as Web pages, spreadsheets, medical records and audio/video files.

EMC has teamed with Documentum in the past with its Centera system. This product stores large volumes of fixed files or content that does not change very often. EMC hopes to make Documentum's software available on other platforms as part of its information lifecycle management program.

EMC plans to have Documentum operate as a software division within the company and keep its California headquarters. Dave DeWalt, current Documentum CEO, will continue to lead the company. ®

Related Stories

EMC to buy Legato
EMC grabs Astrum Software

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.