IBM Completes Acquisition of FileNet Corporation (FILE)

IBM (NYSE: IBM) today announced it has completed its acquisition of FileNet Corporation (NASDAQ: FILE), a publicly held company based in Costa Mesa, Calif.

IBM announced a definitive agreement to acquire FileNet on August 10, 2006. FileNet's operations will be integrated into IBM's Information Management software business.

IBM acquired FileNet to advance its Information on Demand initiative, IBM's strategy for pursuing the growing market opportunity around helping clients capture insights from their information so it can be used as a strategic asset. FileNet is a leading provider of business process and content management solutions that help companies simplify critical and everyday decision making processes and give organizations a competitive advantage.

With today's announcement, IBM has completed 20 strategic acquisitions in support of its cross-company Information on Demand effort.

Starting today, the thousands of customers using IBM and FileNet solutions have a comprehensive and powerful base of industry-leading content management products to build upon as they explore next-generation information management solutions.

The FileNet acquisition enhances IBM's ability to meet increasing client demand for a combination of content- and process-centric business process management capabilities, which is driven by changing governance and compliance mandates, as well as the need to integrate content-centric business processes with enterprise applications.

IBM is integrating its business process management and service oriented architecture (SOA) technologies with the FileNet platform to allow customers to access content wherever it may reside and use it in the context of business processes. This will enable clients to achieve effective compliance, archiving and document retention. For more information, visit www.software.ibm.com/data