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EMC to Acquire Documentum for $1.7 Billion

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EMC Tuesday added a crucial new piece to its strategy of building a complete information lifecycle management (ILM) portfolio when it agreed to acquire Documentum for $1.7 billion in stock. ILM is the concept of managing stored data from its inception until its disposal, or "cradle to grave." EMC has been mining this front for the last year and made its first significant acquisition to fill in gaps in its ILM suite earlier this year when it purchased data archiving specialist Legato Systems for $1.3 billion. <Snip>Why did EMC go for Documentum of all the players in the space? Documentum's specialty is the biopharmaceutical industry, considered to be a considerable growth sector in the future, Babineau said. "Documentum has a huge content management market share there." Read the full article.

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