Oracle Accelerates ECM Operations With Stellent

November 6th, 2006: Oracle is stepping up its enterprise content management (ECM) operations, announcing on Thursday that it has agreed to acquire Stellent and its Universal Content Management solution.

After only recent announcing a new integration deal with Symantec, Stellent will be purchased by Oracle in a cash deal clocking in at US$440 million, or $13.50 per share.

Oracle says that the acquisition of Stellent will complement and extend its existing content management solution portfolio. Its Content Database already enables enterprises to store and centrally manage unstructured content, Stellent's Universal Content Management solution works with Oracle’s database.

Oracle says that by bringing the two solutions together it can offer a variety of solutions for Document Management, Web Content Management, Information Rights Management, Digital Asset Management, Records and Retention Management, Imaging, and Governance, Risk, and Compliance.

"The amount of electronic content, unstructured data, and documents is growing very rapidly and organisations are seeking advanced and automated content and process management solutions to manage this information to meet regulatory requirements," says Oracle Senior Vice President, Thomas Kurian. "Stellent's enterprise content management solutions enable a variety of people within an organization to create, capture, store, manage, publish, view, search, and archive all types of documents across their entire lifecycle."

The deal is expected to close by the end of 2006 or in early 2007. Oracle says it will be outlining is ECM strategy this Monday the 13th November.

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