EMC Acquires Document Sciences for $85M

On 12/27/07, EMC announced the acquisition of Document Sciences (DOCX) for $85M in cash. DOCX's stock has been flat in the $6 range for most of the past two years, recently moved to the $8 range, and is up to about $14 on the announcement of the deal.

The New York Times reports on the story here. Excerpt:

Storage company EMC has agreed to buy Document Sciences, a developer of software for personalizing mailshots and other communications. The acquisition will allow EMC to extend its offering in the field of transactional content management, which it sees as the fastest-growing part of the enterprise content management market. It plans to incorporate Document Sciences into its content management and archiving division.

Alan Pelz-Sharpe of CMSWatch has a nice write-up here. Excerpt:

ECM Suites Report

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Audio From My Exit Five CMO Leadership Retreat Presentation

On the Socially Acceptable Use of AI in Business

The Odd Little Book All Founders Should Read On Selling Their Company

Be the CMO Everyone Wants to Work With