EMC Completes Acquisition of Document Sciences
EMC Completes Acquisition of Document Sciences
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.
EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com.
Document Sciences (NASDAQ: DOCX) is a market-leading global provider of customer communications management solutions. Its award-winning xPression software suite enables organizations to automate the creation and delivery of well-designed, highly personalized communications -- from customized marketing collaterals, contracts and policies to high-volume relationship statements and correspondence. More than 500 content-driven organizations worldwide, including over 60 FORTUNE Global 500 companies, use Document Sciences' solutions to reduce development costs by up to 90%, improve time-to-revenue by as much as 75%, and enhance the overall customer experience with highly effective 1:1 communications. Based in Carlsbad, California, with award-winning offshore services operations in Beijing, China and offices across the U.S., in London and Sydney, Document Sciences also markets its products in Europe, Australia, Canada, New Zealand, Latin America, Asia and Africa. For more information about Document Sciences Corporation, call 888.4.DOC.SCI or visit www.docscience.com.
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This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.