IBM to Acquire Venetica

Aug 27, 2004


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IBM has signed a definitive agreement to acquire Venetica, a privately held company based in Charlotte, North Carolina. Venetica is a provider of enterprise content integration software that is designed to enable organizations to access unstructured information such as business documents, still images, digital media, and Web pages, and integrate it into existing business processes. Venetica's operations will be integrated into the Information Integration group within IBM's Information Management software business and Venetica products will be available from IBM and its Business Partners.

Once the acquisition is completed, IBM plans to: integrate Venetica's software assets and personnel into the Information Integration group within IBM's Information Management Software group, which is led by general manager, Janet Perna; market and sell Venetica technology worldwide through IBM direct sales and its business partners; integrate Venetica technology into IBM's DB2 Information Integrator family of products and complement other IBM middleware offerings, including DB2 Content Manager, WebSphere Application Server, WebSphere Portal, WebSphere Business Integration, and IBM's Workplace initiatives. The acquisition is expected to close in the fourth-quarter. Financial details were not disclosed.
(www.ibm.com)