EMC Completes Acquisition of Captiva
Hopkinton, - Friday, December 30, 2005
EMC Corporation, the world leader in information management and storage, today announced it has completed the acquisition of Captiva Software, a leading 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 market leading 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.
EMC Corporation (NYSE: EMC) is the world leader in products, services and solutions for information management and storage that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC's products and services can be found at www.emc.com.