IBM Acquires Green Pasture Software

Dec 23, 2003

IBM has acquired Green Pasture Software, Inc., a provider of document management software. Green Pasture Software is a privately held company based in Corvallis, Oregon. Financial details were not disclosed. Green Pasture's operations will be integrated into IBM's enterprise content management business and Green Pasture products will be available immediately from IBM. The acquisition extends IBM's enterprise content management division, a segment of its DB2 Information Management portfolio, intended to enable customers to electronically develop and manage the lifecycle of their business documents across the enterprise. The Green Pasture acquisition is IBM's third since 2002, following Tarian's records management software in November 2002 and Aptrix's Web content management software in July 2003.

Green Pasture Software is a provider of document management software that is designed to help businesses to take advantage of real-time, high-performance document management capabilities to electronically collaborate, edit, and manage multiple documents simultaneously. The software helps organizations develop and manage documents that incorporate interrelated parts, such as spreadsheets, multimedia files, and computer aided design (CAD) references. Businesses use Green Pasture software to automate and streamline document management across business operations including product development, financial reporting, and compliance with governmental requirements. The software is designed for organizations such as government, financial services, pharmaceutical and chemical and petroleum and other regulated industries that manage information which require long-term data retention.

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