HOPKINTON, Mass and CARLSBAD, CA. - March 06, 2008 -
EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, today announced it has completed the acquisition of Carlsbad, CA-based Document Sciences Corporation (NASDAQ: DOCX), a leading provider of document output management (DOM) and customer communications management (CCM) software that facilitates highly personalized, multi-channel communications to customers, partners and suppliers. Under terms of the definitive agreement announced on December 27, 2007, EMC acquired Document Sciences in a cash transaction valued at approximately $85,800,000.
The acquisition complements and extends EMC's vision in transactional content management (TCM) one of the fastest-growing segments of enterprise content management (ECM). EMC's unique combination of document capture, business process management — and now, document output management further extends EMC's leadership in this important segment. In addition, this acquisition also extends EMC's broader ECM offerings, adding dynamic communications services to enhance the company's interactive content management, knowledge worker and archiving & compliance solutions.
Mark Lewis, President, Content Management and Archiving Division at EMC commented, "When we announced our intent to acquire Document Sciences in December, we stressed the deal would further extend our leadership position in both transactional content management and the larger category of enterprise content management. With the acquisition now complete, we are delivering on this promise, enabling EMC customers to fully benefit from the market's leading suite of document output management and customer communications solutions."
Leveraging Document Sciences' xPression suite, organizations can automate the creation and delivery of well-designed, highly personalized communications — from contracts, policies and high-volume relationship statements, to customized marketing collateral and correspondence. As a result, companies benefit from increased customer loyalty; a single, standards-based solution that integrates with enterprise CRM, ECM and ERP systems; and dramatically improved design and implementation of business communications.
EMC will operate Document Sciences as a business unit within the company's Content Management and Archiving division. Additionally, Document Sciences' outsourcing business — Objectiva — which provides outsourced software development services to large multinational corporations around the world, will become a wholly owned subsidiary of EMC.
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