RealTime IT News

Documentum Rolls With Boxcar Acquisition

Adding to its content management software tools, Documentum , of Pleasanton, Calif., is buying Boxcar Software, of Boston. Financial terms were not disclosed.

Boxcar provides standards-based, content aggregation (the automated gathering of Web sites, file systems and legacy applications) and distribution (pushing of data to targeted audiences) software. The privately held firm was founded in 1999.

Documentum will fold these offerings into its platform this spring. The combination will enable companies to gather, manage and deliver all types of content securely and in multiple formats.

"In addition to Boxcar's technology, Documentum gains a development team with domain expertise in next-generation content aggregation and distribution," said Dave De Walt, Documentum's president and CEO.

Documentum's purchase of Boxcar come shortly after it acquired Bulldog, a digital asset management software maker. It also comes on the heels a fourth quarter earnings report that beat Wall Street expectations.

Shares of DCTM were off 0.881, or 4 percent, to 21.039 in midday trading. The issue has ranged from 5.875 to 52.7 during the last 52 weeks. Also on Friday, analysts at Merrill Lynch boosted their rating on the stock to "longterm strong buy" from "longterm buy."