IBM has agreed to acquire content-management software maker FileNet for about $1.6 billion in cash, the companies said Thursday.

IBM said that it will integrate FileNet's products with its own content-management software developed in its Information Management division, which is led by general manager Ambuj Goyal.
Lots of details in the press release about how Filenet will be integrated with the rest of the IBM content management portfolio, as well as with business process management solutions.

Link: IBM press release >
Link: CNET: IBM to pay $1.6 billion for FileNet >

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