IBM scoops up FileNet for $1.6B
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IBM continued its run of SOA-related acquisitions Thursday, agreeing to buy business process and enterprise content management specialist FileNet for about $1.6 billion in cash. This is the month for technology acquisitions!
Upon completion of the deal, IBM plans to fold FileNet’s activities into its own enterprise content management (ECM) business, part of its information management unit, but will continue to support both platforms. It also plans to integrate its business process management (BPM) and SOA technologies with FileNet’s software, it said.
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