At EMC World, a conference recently held by the data management giant in Boston, the company announced that the team responsible for developing its popular ECM solution Documentum will now be known as the Intelligent Information Group. Along with the new moniker, the group”s objectives are now focused on guiding EMC into the cloud.
Some have questioned EMC”s decision to redirect itself toward the cloud, but IIG president Mark Lewis believes that the move is the best for the company to become a leader in the cloud as the rest of IT moves that way.
"The problem we are facing is that [the] conversation we want to have is how we can leverage information. We are not putting down the base [of core Documentum users], but we have moved on," Lewis said, according to Fierce Content Management.
EMC may lose even more customers as a result of yesterday”s announcement from the United States Justice Department that the company will pay $87.5 million in fines for violating a pair of regulations. The sanctions stemmed from a contract EMC entered into with the General Services Administration which included provisions EMC could not provide. Also, the DOJ found that the company paid consulting agencies to direct government agencies to the company.