In search of WCM

In a cash deal estimated at about $10 million, FileNet announces it will acquire the core assets of privately held eGrail.

FileNet reports the move will give it added products to deliver Web content management (WCM) solutions to the Fortune 200. The eGrail product line will be made available immediately and supported through FileNet global sales and professional services organizations.

Founded in 1997 and based in Bethesda, MD, eGrail has developed a generation WCM system that offers enterprise scalable capabilities that are said to be easy to use, empowering authors across the enterprise to contribute to and manage Web site content dynamically, according to FileNet. eGrail serves customers in numerous industries including communications, insurance, government, medical and publishing.