EMC Corporation, the leader in information storage, and Documentum, Inc., a leader in enterprise content management software, announced a definitive agreement for EMC to acquire Documentum in a stock transaction valued at approximately $1.7 billion. EMC's acquisition of Documentum combines two leading information-centric technology companies with a shared commitment to enabling organizations to maximize the value of their information across the enterprise.
Documentum's enterprise content management software allows organizations to proactively manage their unstructured content from electronic documents such as Web pages and spreadsheets to medical records and audio/video content and leverage that content to power business operations and gain competitive advantage. By incorporating intelligent content management with EMC's market- leading open software for data protection, storage management, and information management, and market-leading networked storage platforms, customers will be able to better align their content with their information infrastructure based on its value over time. This combination will enable customers to implement a total information life cycle management solution for managing unstructured content, from creation and use to archive and disposal.
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