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 EMC’s 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 EMC’s 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 product’s 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.
EMC’s Bid To Be All-in-One
Under EMC’s acquisition proposal, Document Sciences stockholders would receive $14.75 in cash for each share of common stock. “We are pleased to enter…