EMC Corporation, a provider of information management and storage, and Captiva Software Corporation, a provider of input management solutions, have announced a definitive agreement for EMC to acquire Captiva. EMC will pay $22.25 per share in cash, or approximately $275 million net of Captiva's cash balance. The transaction is subject to regulatory and Captiva stockholder approval, and is expected to be completed in either late 2005 or early 2006. The transaction is not expected to impact EPS in the first full year of operation. In addition to tighter integration with Captiva, EMC will continue to develop Captiva software as an open platform as it does with all EMC multi-platform software, including the content management platform.