More SOX for Stellent

Stellent has purchased selected assets from e-Onehundred Group for $5 million in cash, approximately 274,000 shares of Stellent common stock valued at $2 million and a potential $2 million cash earn-out over a one-year period based upon revenue performance, Stellent reports.

e-Onehundred provides products and consulting services for financial compliance applications. Stellent says the company's domain expertise and product set will enable it to more quickly capitalize on the growing financial compliance market by building a portfolio of applications on top of its compliance platform. e-Onehundred has been a Stellent partner for about two years, and its technology is an important element of the Stellent Sarbanes-Oxley Solution.

The Stellent Sarbanes-Oxley Solution features a content and records management foundation provided by the Stellent Universal Content Management system in combination with a robust, second-generation SOX application.