Oracle has agreed to acquire document management software maker Stellent, through a cash tender offer for USD 13.50 per share, or about USD 440 million.With Stellent Universal Content Management, customers can deploy multiple line-of-business... |
Oracle has agreed to acquire document management software maker Stellent, through a cash tender offer for USD 13.50 per share, or about USD 440 million.With Stellent Universal Content Management, customers can deploy multiple line-of-business applications such as public web sites, secure intranets and extranets, compliance processes, and marketing brand management and also scale the technology to support multi-site management and enterprise-wide content management needs, the company said.
The acquisition of Stellent will complement and extend Oracle's existing content management solution portfolio. Oracle Content Database enables enterprises to store and centrally manage unstructured content in Oracle Databases. Stellent's Universal Content Management solution works with Oracle Content Database and offers a variety of solutions for Document Management, Web Content Management, Information Rights Management, Digital Asset Management, Records and Retention Management, Imaging, and Governance, Risk, and Compliance, the company claimed.
"The amount of electronic content, unstructured data, and documents is growing very rapidly and organisations are seeking automated content and process management solutions to manage this information to meet regulatory requirements," said Oracle Senior Vice President, Thomas Kurian.
"Oracle's acquisition of Stellent will be a positive milestone for all of our stakeholders, shareholders, employees, customers and partners," said Stellent President and Chief Executive Officer, Robert Olson.
The transaction is subject to customary conditions and is expected to close by the end of the year or early 2007.
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