Information storage firm EMC is to buy Captiva
Software, which makes software that converts information from paper
documents into electronic business information, in a $275m
deal.
The deal follows a wave of acquisitions by EMC
that saw it buy content management specialist Documentum and
virtualisation firm Rainfinity. The new acquisition will continue
the company’s shift from pure storage into wider information
lifecycle management.
Dave DeWalt, president at EMC Software, said:
“Moving forward, this acquisition will enable EMC to deliver
further integrated solutions for input management and image
processing applications, and will also serve as an increasingly
important element of EMC's enterprise archiving
strategy.”
Captiva chief executive Reynolds Bish said:
“This transition marks a significant milestone in the evolution of
our company. As partners, EMC and Captiva have generated
outstanding business results for our customers. As a combined
force, our opportunities for growth and providing an even greater
value proposition are significantly enhanced.”
In addition to greater integration with
Captiva, EMC would continue to develop Captiva software as an open
platform, the company said.