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IBM Looks To Dominate Content Management Market With FileNet Buy: Page 3 of 3

IBM's Prial says the moves, including about a dozen smaller acquisitions, reflect what IBM customers want--access to critical content on demand. "To unlock all this information, you need to get access to it," he says.

IBM says it expects the deal to close in the fourth quarter of 2006, subject to shareholder and regulatory approvals.

IBM shares (NYSE:IBM) were flat in early trading Thursday, while shares of FileNet (NasdaqGS:FILE) were up 2.05% to $35.36.