Stellent finalizes Optika merger

Stellent announces that at separate meetings, the shareholders of Stellent and Optika approved the merger of the two companies. Stellent reports it acquired Optika for approximately 4.2 million shares of Stellent common stock, $10 million in cash and the assumption by Stellent of Optika’s outstanding options. With the closing of the merger, former stockholders of Optika now own approximately 16% of the outstanding shares of Stellent common stock, and former Stellent shareholders own approximately 84% of the combined entity.

In late April, Stellent released of Version 7.0 of its Content Integration Suite. The company says Version 7.0 enables developers to embed the suite directly into Java applications in order to provide reliable, scalable integration with its Universal Content Management offering.