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EMC Completes Acquisition of Captiva
¡ª¡ªFrom EMC Corporation. Dec 30 2005
EMC Corporation, the world leader in information management
and storage, today announced it has completed the acquisition
of Captiva Software, a leading provider of input management
solutions. Captiva stockholders approved the acquisition
on December 23.
Input management software ¨C which provides for the conversion,
indexing and processing of paper-based information to digital
formats ¨C has become increasingly strategic as companies
electronically capture, digitize and categorize more of
their information. Captiva's market leading products transform
costly and inaccessible paper records into instantly usable
electronic business information, resulting in faster business
processes and more accurate and timely response in regulatory
compliance situations. Through this process, organizations
can gain a richer understanding of their information and
become better equipped to classify it, create policy based
workflow and automate information lifecycle management (ILM).
EMC will operate the Captiva business as part of the EMC
Software Group. Reynolds Bish, former Captiva President
and CEO, will continue to manage the business and report
to Dave DeWalt, President, EMC Software Group.
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