EMC Software on Thursday said it pay about $275 million in cash for Captiva Software, a leading vendor in the document-management space.
Captiva's product line includes a variety of applications for enterprise-class forms processing, data capture, invoice processing, e-mail image processing and scanning. The San Diego-based vendor also targets the medical imaging market.
The latest acquisition extends EMC's information lifecycle management (ILM) strategy -- combining with the content management technology it acquired with Documentum to automate both the input and management of documents, said Whitney Tidmarsh, EMC's vice president of solutions marketing.
"Over the last two years, EMC started to focus on solutions for financial and healthcare customers," she said. "As we moved more and more into this space, Captiva has become a natural fit."
About 60 percent of Captiva's sales are direct, but Tidmarsh said EMC sees the channel playing an important role in the future. When EMC bought Documentum, that company had a small indirect business, but Tidmarsh said more Documentum sales now move through the channel. That's especially true for software handling online electronic collaboration and for records management.
Captiva customers include Prudential Financial, Blue Cross/Blue Shield, Discover Financial Services, Bank of America and the federal government.
The deal is expected to close late this year or early next year.
|
New Storage Devices Come To Light At CES 2012, Storage Visions While the buzz in Las Vegas this week was focused on tablets, TVs, and smart mobile devices, there was plenty to see at the CES and Storage Visions conferences for anyone looking for the latest storage innovations. |
|
12 New Flash Memory, SSD Devices Provide Diversity Diversity was the watchword in the second half of 2011 as vendors introduced a wide range of SSDs and Flash memory devices to increase the storage performance of mission-critical applications. |
|
10 Storage Predictions For 2012 The storage industry will never be the same after 2012 as data capacity growth decelerates, cloud storage accelerates, and mobile devices force storage admins to rework their playbooks. |
 More
Slide Shows |
- EMC Melds ECM, ILM, Virtualization Into A Single Storage Strategy
- EMC Discusses Information Life-Cycle Strategy, Road Map
- EMC's Documentum Buy Spotlights Enterprise Content Management
- Red Hat Releases Virtual Storage Appliance For Amazon AWS
- VARs Say VCE To Target SMBs With Entry-Level Vblocks
- EMC Rolls Out PCIe Flash-Based Storage Technology
- EMC Enhances Isilon NAS With Hadoop Integration
