Stellent Buys Ancept
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.
The news followed Stellents rollout earlier this month of a package that uses UCM to manage compliance with the Sarbanes-Oxley Act.
The Stellent Sarbanes-Oxley Solution provides automated process documentation collection and process testing capabilities using UCMs workflow engine. Other features include secure collaboration, audit trails, personalized interfaces, Web-based access to users, digital rights management capabilities and records management.