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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