CIMdata PLM Industry Summary Online Archive
30 December 2005
Acquisitions
EMC Completes Acquisition of Captiva
EMC Corporation announced it has completed the acquisition of Captiva Software, a provider of input management solutions. Captiva stockholders approved the acquisition on December 23.
Input management software - which provides for the conversion, indexing and processing of paper-based information to digital formats - has become increasingly strategic as companies electronically capture, digitize and categorize more of their information. Captiva's products transform costly and inaccessible paper records into instantly usable electronic business information, resulting in faster business processes and more accurate and timely response in regulatory compliance situations. Through this process, organizations can gain a richer understanding of their information and become better equipped to classify it, create policy based workflow and automate information lifecycle management (ILM).
EMC will operate the Captiva business as part of the EMC Software Group. Reynolds Bish, former Captiva President and CEO, will continue to manage the business and report to Dave DeWalt, President, EMC Software Group.
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