Stellent Buys Ancept
Conent management vendors extends video management offerings with purchase.Content management software maker Stellent Inc. plans to boost the capabilities of its Universal Content Management architecture with digital asset management technologies purchased from Ancept Inc. Stellent, of Eden Prairie, Minn., today announced it bought the Ancept technology for $2 million in cash, 100,000 shares of Stellent stock and a future cash payout based on performance. The Stellent UCM includes document management, collaboration, Web content management and records management capabilities. By combining Ancepts Media Server with the Stellent Content Server, Stellent users will be able to link the processes of editing, managing and reusing video content within a repository they are used to. This integration isnt scheduled to be completed until the quarter that ends April 30, 2004.
Some 18 Ancept employees working in development and consulting services are moving to Stellent.