Oracle to acquire Stellent

Oracle reports it has signed a definitive agreement to acquire Stellent through a cash tender offer for $13.50 per share, roughly $440 million.

Oracle says the acquisition will complement and extend its existing content management solution portfolio, Oracle Content Database, which enables enterprises to store and centrally manage unstructured content in Oracle databases. Stellent's Universal Content Management solution is compatible with Oracle Content Database and offers solutions for document management; Web content management; information rights management; digital asset management; records and retention management; imaging; and governance, risk and compliance.

KMWorld will publish an analysis of the impact of the deal on the marketplace in our Jan. 2007 issue.