EMC Corporation, Inc., a world leader in information storage and management, announced it has completed the acquisition of Documentum, Inc., a leading provider of enterprise content management (ECM). Under the terms of the definitive agreement announced on October 14, 2003, EMC issued approximately 115 million shares of EMC common stock for all outstanding shares of Documentum subject to final tabulation with EMC's exchange agent. EMC will operate Documentum as a division of EMC with headquarters in Pleasanton, California.
"EMC and Documentum share the same vision, focus, strategy and commitment to customers and by joining forces, our complementary products and significant resources will help customers maximize the value of their information assets at the lowest total cost of ownership, " said Joe Tucci, EMC's President and CEO. "Together, EMC and Documentum will continue to provide flexible, open solutions that integrate with the widest range of platforms, applications and storage environments, to ensure that customers have the broadest range of options to address their information storage and management needs."
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