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IBM to Acquire FileNet web hosting news |
Want to add a web hosting news article ? Just do'it, it's free! Use submit form for hosting news!| IBM to Acquire FileNet Aug 10, 2006 | Computer systems developer IBM (ibm.com) announced on Thursday it has made a definitive agreement with content management solution provider FileNet (filenet.com) to acquire the company and all of its assets in an all-cash transaction of approximately $1.6 billion.
This acquisition builds upon IBM's information on demand initiative, launched in February 2006, to address the growing market opportunity around combining IBM's software, services, partners and industry consulting expertise to improve clients' business performance. The information on demand strategy aims to provide clients with data exactly when and how they need it to improve their business processes, quickly respond to market needs and rapidly identify new business opportunities.
"Freeing up information contained in content management systems is critical to unlocking the potential of information to improve business processes and performance," says Ambuj Goyal, general manager of IBM information management. "The combination of IBM and FileNet will provide our customers and partners with industry-focused content management solutions that offer a new level of business value."
The acquisition is subject to FileNet shareholder approval, regulatory reviews and other customary closing conditions. It is expected to close in the fourth quarter of 2006. | Reads: 654 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/081006_IBM_to_Acquire_FileNet.cfm
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