IBM gobbles FileNet

Today, IBM has announced the acquisition of FileNet.The acquisition will allow IBM to further consolidate its offering in the ECM space, specially the high-volume transactional documents management systems. With this, IBM moves ahead of ECM and will have close to 18% share of the Document Management Market (as per IDC Research).

The acquisition leaves only Vignette, Broadvision, Stellent and Interwoven as pure play players in the market.

Keeping my fingers crossed and waiting for the next company to get gobbled up.

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