Oracle buys Stellent for $440 million

Database giant Oracle has bought enterprise content management software firm Stellent in a $440 million cash deal.

With the deal, Oracle gets Stellent's Universal Content Management product, which allows companies to deploy multiple line-of-business applications - such as public web sites, secure intranets and extranets, compliance processes, and marketing brand management. The acquisition of Stellent extends Oracle's existing content management range.

Stellent has more than 4,700 customers worldwide, including Procter & Gamble, Merrill Lynch, the British Red Cross, ING and Vodafone.

Oracle senior vice president Thomas Kurian said Stellent's enterprise content management solutions enabled a variety of people within an organisation "to create, capture, store, manage, publish, view, search, and archive all types of documents across their entire lifecycle."

The deal is subject to conditions and is expected to close by the end of the year or early 2007.

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