Content management supplier Stellent is broadening its product offerings to customers through aquiring Ancept.
The deal brings together Stellent’s Universal Content Management architecture and Ancept Media Server, allowing customers to tie content management and digital asset management into one package.
Stellent is acquiring Ancept for $2m in cash, plus 100,000 shares of Stellent common stock.
Ancept Media Server allows customers to connect video content editing and other digital assets in the same repository structure as the rest of their enterprise content. The initial integration of the Stellent and Ancept products is scheduled to take place in the fourth quarter of Stellent's 2004 financial year.
"The ability to manage digital assets is a critical piece of a successful enterprise content management strategy," said Dan Ryan, vice-president of marketing and business development at Stellent.
"The Ancept application fits perfectly within Stellent's single architecture strategy and enhances Stellent's existing digital asset management capabilities."
As part of the acquisition, Stellent hired 18 Ancept employees, primarily in the product development and consulting services areas.
Jeff Stromberg, Ancept's founder and president, will join Stellent as vice-president of business development.
"To take full advantage of our opportunity in this space, we felt it was important to be part of a larger organisation with greater resources and a more global reach," Stromberg said. "We're excited to join the leader in enterprise content management and look forward to contributing to Stellent's success."
The transaction will have no material effect on Stellent's earnings for the quarter ending 30 September and is expected to be accretive for Stellent's 2004 financial year.
Todd R Weiss writes for Computerworld