HOPKINTON, Mass -- 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 - which provides for the conversion, indexing and processing of paper-based information to digital formats - 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.
EMC Corporation (NYSE: EMC) is the world leader in products, services and solutions for information management and storage that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC's products and services can be found at www.EMC.com.
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This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
Dave Farmer, 508-293-7206