EMC Acquires Captiva Software

 
 
By Brian Fonseca  |  Posted 2005-10-31 Print this article Print
 
 
 
 
 
 
 

Documentum business and archival strategy, EMC announced it will acquire Captiva Software for approximately $275 million net of Captiva's cash balance, or $22.25 per share in cash.

In a move designed to beef up its enterprise content management Documentum business and archival strategy, EMC announced it will acquire Captiva Software for approximately $275 million net of Captivas cash balance, or $22.25 per share in cash.

A longtime partner of EMC, Captiva offers input management software, which enables the conversion of paper-based documents into digital formats. Data can be captured and managed from a wide variety of forms, reports and other types of physical media via scanners and fax machines, said EMC officials.

The acquisition is expected to close by the end of this year or early next year.

 
 
 
 
Brian Fonseca is a senior writer at eWEEK who covers database, data management and storage management software, as well as storage hardware. He works out of eWEEK's Woburn, Mass., office. Prior to joining eWEEK, Brian spent four years at InfoWorld as the publication's security reporter. He also covered services, and systems management. Before becoming an IT journalist, Brian worked as a beat reporter for The Herald News in Fall River, Mass., and cut his teeth in the news business as a sports and news producer for Channel 12-WPRI/Fox 64-WNAC in Providence, RI. Brian holds a B.A. in Communications from the University of Massachusetts Amherst.
 
 
 
 
 
 
 

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