Thursday, August 10, 2006
IBM Buys FileNet in ECM Coup!
IBM in $1.6B Deal for Software Company
By BRIAN BERGSTEIN
The Associated Press
Thursday, August 10, 2006; 10:23 AM
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/10/AR2006081000418.html
FileNet : A Consultant's Guide to Enterprise Content Management
Technorati Tags: Filenet IBM ECM Document Management Business News
By BRIAN BERGSTEIN
The Associated Press
Thursday, August 10, 2006; 10:23 AM
BOSTON -- IBM Corp. took another step to build out its software portfolio Thursday by announcing a $1.6 billion acquisition of FileNet Corp., which helps companies route data through business applications....and then there were two!
The all-cash deal values FileNet at $35 a share, a slim premium to FileNet's $34.65 closing price on the Nasdaq Stock Market on Wednesday. If shareholders approve, the deal would close in the fourth quarter.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/10/AR2006081000418.html
FileNet : A Consultant's Guide to Enterprise Content Management
Technorati Tags: Filenet IBM ECM Document Management Business News
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Tuesday, August 08, 2006
A Three Horse Race - IBM, EMC, and FileNet
FileNet made $422 million in revenue for the past financial year, meaning the company was more than $550 million shy of its new target.
FileNet CEO Lee Roberts sees the market for Enterprise Content Management (ECM) growing rapidly. Obviously, it is being driven by an explosion in data as companies scramble to streamline their business processes to meet post-Enron regulatory requirements. In addition, it is document imaging that often drives the AP and AR processes for large corporations.
According to Citigroup, demand for ECM software is expected to grow at a rate of 12 percent over 2 years, outpacing an expected 8.5 percent growth for applications software. Red Herring Magazine decribes the current ECM market as 'a three-horse race between IBM, EMC, and FileNet'.
FileNet CEO Lee Roberts sees the market for Enterprise Content Management (ECM) growing rapidly. Obviously, it is being driven by an explosion in data as companies scramble to streamline their business processes to meet post-Enron regulatory requirements. In addition, it is document imaging that often drives the AP and AR processes for large corporations.
According to Citigroup, demand for ECM software is expected to grow at a rate of 12 percent over 2 years, outpacing an expected 8.5 percent growth for applications software. Red Herring Magazine decribes the current ECM market as 'a three-horse race between IBM, EMC, and FileNet'.
