EMC announced its intentions to acquire publicly held Document Sciences for approximately $85 million in cash. Document Sciences provides enterprises with software for creating and delivering personalized, multichannel communications to customers, partners, and suppliers.
The proposed stock buyout, which has been approved by Document Sciences board of directors, is expected to extend EMCs position in enterprise content management, company officials said.
The core software technology that EMC is acquiring under the deal "provides a tremendous advantage in addressing transaction-intensive applications, such as loan origination, new account enrollment, wealth management, brokerage, and claims processing," noted Mark Lewis, the president of EMCs Content Management and Archiving Division.
It will give "our customers a significant competitive edge to increase customer loyalty and maximize business performance," he said.
AUTOMATED DOCUMENT MANAGEMENT
Over 100 major organizations around the globe currently use Document Sciences third-generation software for their document-generation requirements, company executives said.
Applications in the xPression 3 software suite, which is designed to help automate the creation and delivery of interactive communications, range from contracts, policies, and high-volume relationship statements to customized marketing collateral and correspondence.
The products xPressContracts extension, for example, is designed to give financial organizations a method for initiating, negotiating, and managing their contracts.
Document Sciences software suite integrates with traditional CRM, ECM, and ERP systems, and provides components for document design, assembly, composition, output, and delivery -- including the plug-ins for working with documents in Adobe InDesign, Dreamweaver, and Microsoft Word file formats.
At the time of publication, xPression-produced communications can be customized, assembled in batch or real-time using multiple templates and data sources, and delivered over the Web, in an e-mail, or as a printed document.
EMCS BID TO BE ALL-IN-ONE
Under EMCs acquisition proposal, Document Sciences stockholders would receive $14.75 in cash for each share of common stock. "We are pleased to enter into this transaction with EMC, which we believe provides our stockholders with an attractive value," said Document Sciences CEO Jack McGannon.
The acquisition, which EMC said would not have a material impact on its own financial results for next year, is expected to close in the first quarter of 2008. Upon completion of the deal, EMC intends to operate Document Sciences as a business unit within the EMC Content Management and Archiving division.
"Core to delivering high-value transactional content management solutions is a complete suite of technology, including high-volume, content-rich task processing, sophisticated capture, business process management, records management and archiving, as well as automated document output management," Lewis said.
"The proposed acquisition of Document Sciences," he added, "would make EMC the first to offer all of these major capabilities in an all-in-one, integrated suite."
