IBM to acquire FileNet for £880m

IBM is acquiring content management company FileNet for $1.6bn (£880m) to enhance its information-on-demand product strategy.

IBM is acquiring content management company FileNet for $1.6bn (£880m) to enhance its information-on-demand product strategy.

The acquisition is expected to be completed by the end of the year, said IBM, whose information-on-demand strategy aims to provide clients with data when and how they need it, to improve their business processes, to quickly respond to market needs and rapidly identify new business opportunities.
 
IBM says it plans to build upon the content management technologies of both companies to provide customers and partners with industry-focused solutions that are able to proactively capture and deliver content as part of a business process.

These technologies can be integrated into IBM's service oriented architecture (SOA)-based capabilities, including business process management and information lifecycle management.

Following the completion of the acquisition, IBM intends to combine FileNet's operations with IBM's content management business in the information management unit led by general manager Ambuj Goyal.

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