EMC World 2012: Tucci declares Documentum is here to stay

Storage vendor's chief executive admits its enterprise content management product is out of step, but insists it will not be axed.

Joe Tucci

EMC chief executive, Joe Tucci, has reaffirmed his company's commitment to the ongoing development of its enterprise content management system (ECM) Documentum.

During his partner day keynote address at EMC World 2012, Tucci fielded questions from the audience about Facebook's IPO, his firm's acquisition strategy and its plans for Documentum.

I think you will see Documentum return to growth, and it will remain part of the company.

The latter is a key part of EMC's Information Intelligence Group's portfolio. In recent quarters, the division's revenues have remained flat, giving rise to speculation that EMC might sell off Documentum.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

However, Tucci was quick to deny the firm would ditch the product, but admitted that it was in need of an overhaul.

"It was built as this big platform [that you would run applications on]. If you were an insurance company, you might [use it for] loans processing or other companies might use it to run expense control," said Tucci.

"But that's not the way consumers want to buy anymore. They want to buy more SaaS-orientated [services]."

That being said, the product has an important role to play in EMC's big data plans, stressed Tucci, which is why there are no plans to offload it.

"We're spending a lot of money [on Documentum]. Once you like a plan and have a team you think can execute it, you have to make sure you give[it] time," he said.

"I think you will see that return to growth, probably not next year, but it will remain a part of the company."

Advertisement - Article continues below

On the topic of Facebook's recent IPO, which saw the social networking site valued at $104 billion, Tucci pointed out that EMC was worth more than double that before the stock market crash at the turn of the century.

"When we hit the rough patch [the stock market crash], our market cap went from from $225 billion to $8.5 billion. That's a big drop," said Tucci.

"Look at the hype around Facebook at $104 billion. We were worth $225 billion. We were profitable, though, of course."

When asked about the firm's acquisition strategy, Tucci declined to comment on who the firm might snap up next.

Advertisement
Advertisement - Article continues below

"The one thing I've learned is, if you take any area that we are really interested in, there are only ever two companies in that area that are worth a hill of beans. The rest are just noise," he said. "

"Obviously, if I said that's an area I'm interested in, the price of those two companies would go way up. So you have to do that in stealth mode."

Featured Resources

What you need to know about migrating to SAP S/4HANA

Factors to assess how and when to begin migration

Download now

Your enterprise cloud solutions guide

Infrastructure designed to meet your company's IT needs for next-generation cloud applications

Download now

Testing for compliance just became easier

How you can use technology to ensure compliance in your organisation

Download now

Best practices for implementing security awareness training

How to develop a security awareness programme that will actually change behaviour

Download now
Advertisement

Recommended

Visit/policy-legislation/32857/irish-data-protection-commission-facebook-whatsapp-instagram-merge
Policy & legislation

Irish Data Protection Commission has questions for Facebook

29 Jan 2019
Visit/security/internet-security/354484/facebook-exec-calls-cambridge-analytica-scandal-a-non-event
internet security

Facebook exec calls Cambridge Analytica scandal a "non event"

8 Jan 2020
Visit/hardware/mobile/354392/facebook-apps-dominated-this-decades-mobile-market
Mobile

Facebook apps dominated this decade's mobile market

18 Dec 2019
Visit/digital-currency/34762/china-prepares-to-launch-the-first-domestic-cryptocurrency
digital currency

China prepares to launch the first domestic cryptocurrency

6 Nov 2019

Most Popular

Visit/policy-legislation/data-governance/354496/brexit-security-talks-under-threat-after-uk-accused-of
data governance

Brexit security talks under threat after UK accused of illegally copying Schengen data

10 Jan 2020
Visit/security/cyber-security/354468/if-not-passwords-then-what
cyber security

If not passwords then what?

8 Jan 2020
Visit/policy-legislation/31772/gdpr-and-brexit-how-will-one-affect-the-other
Policy & legislation

GDPR and Brexit: How will one affect the other?

9 Jan 2020
Visit/web-browser/30394/what-is-http-error-503-and-how-do-you-fix-it
web browser

What is HTTP error 503 and how do you fix it?

7 Jan 2020