The news yesterday that British software firm Autonomy would be acquiring U.S. company Interwoven has set much of the enterprise content management world abuzz wondering how this new combination might change the ECM industry.
The $775 million deal was announced yesterday and is expected to be finalized during the second quarter of this year. It should give the UK firm a much bigger presence in the U.S. market, especially in helping law firms and the compliance industry manage content.
Derek Brown, an analyst at Seymour Pierce praised the deal.
"Autonomy is buying the one-time leader in the content-management space, expanding its customer base by some 3,000, and enabling dominance of the legal arena at a time when the market is set to boom through increased regulation across all industry verticals," he told the Wall Street Journal.
According to CMSWatch, Interwoven is one of the largest enterprise content management (ECM) providers in the world and the company believes that the acquisition will increase its market and give more people a chance to try its products.
Autonomy says the acquisition will reduce the amount of manual effort required in its current products.