Oracle Eyes Regulatory Compliance with Content-Management Acquisition

As reported by the Associated Press, Oracle Corporation agreed today to acquire Stellent Inc., a provider of document-management software, for $13.50 per share in cash, or a total of about $440 million The acquisition price represented a 27% premium on Stellent’s shares, which ended the day at $10.62.

Said Thomas Kurian, Oracle senior vice president:

The amount of electronic content, unstructured data, and documents is growing very rapidly, and organizations are seeking advanced and automated content- and process-management solutions to manage this information to meet regulatory requirements. Stellent’s enterprise content-management solutions enable a variety of people within an organization to create, capture, store, manage, publish, view, search and archive all types of documents across their entire lifecycle.

It’s an acquisition that dovetails with Oracle’s database franchise and its growing stable of enterprise applications. As noted by the Wall Street Journal, Oracle has spent more than $20 billion acquiring business-applications software companies, including PeopleSoft and Siebel Systems, during the past two years.

Stellent has a number of OEM and technology partners, and it will be interesting to see how Oracle deals with those relationships.

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