EMC to acquire Document Sciences

Information management and storage company, EMC, will pay $85 million in cash to acquire Document Sciences Corp., a public company that provides document output management (DOM) software to facilitate personalized, multi-channel communications between business partners.

Document Sciences Corporation stockholders will receive $14.75 in cash for each share of its common stock. The acquisition is expected to be completed in the first quarter of calendar year 2008. This transaction is not expected to have a material impact on EMC financial results in 2008.

Both companies are part of the growing transactional content management (TCM) marketplace. Document Sciences' xPression suite of DOM and customer communications solutions helps organizations automate the creation and delivery of personalized communications, such as contracts, policies, high-volume relationship statements, customized marketing collateral and correspondence. It can integrate with enterprise Customer Relationship Management, Enterprise Content Management and Enterprise Resource Planning applications to improve the design and implementation of business communications.

Mark Lewis, president of EMC’s Content Management and Archiving Division, said the proposed acquisition would make EMC the first to offer a combined suite of content-rich task processing, sophisticated capture, business process management, records management and archiving and automated document output management.

“Building on our recent commitment to deliver end-to-end solutions to solve real-world business problems, Document Sciences provides a tremendous advantage in addressing transaction-intensive applications such as loan origination, new account enrollment, wealth management, brokerage and claims processing,” Lewis said.

Document Sciences is based in Carlsbad, Calif., and was founded in 1991. It currently serves more than 500 organizations around the world, including 60 Fortune 500 companies. Upon completion of the acquisition, EMC intends to operate Document Sciences Corporation as a business unit within the EMC Content Management and Archiving division.