IBM Acquisition of FileNet Completed

After announcing an agreement on Aug. 10, IBM now has completed its acquisition of FileNet, whose 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 provider of business process and content management solutions that help companies simplify decision-making processes.

Thousands of customers using IBM and FileNet solutions have a comprehensive base of 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, IBM company explains. This demand 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.