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IBM Nets FileNet for $1.6B

IBM has snapped up publicly traded software vendor FileNet for $1.6 billion in an all-cash transaction today, as the market for content management products heats up. (See IBM Buys FileNet.)

FileNet's flagship offering is its P8 platform, which is designed to let users manage a wide range of content, from forms to images and emails. The software also works with magnetic Write Once, Read Many (WORM) technologies from storage vendors such as NetApp, HDS, IBM, and EMC.

IBM already has a number of content management products within its own portfolio, including DB2 Content Manager and ImagePlus technology for handling document images.

Speaking on a conference call earlier today, Ambuj Goyal, general manager of information management at IBM, said that FileNet will eventually be integrated into his firm's content management business. Goyal also promised that IBM will "enhance" FileNet's investment in its current offerings, although he did not reveal roadmap specifics.

At least one analyst thinks today's announcement is very much a strategic play. "I think that IBM needed to increase its presence in the content management space, especially with the consolidation that is happening around EMC and Open Text," says Forrester analyst Colin Teubner.

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