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.
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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.