IBM Acquires Green Pasture Software, Extends Leadership in Enterprise Content Management

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SOMERS, N.Y. - 17 Dec 2003: IBM today announced it has acquired Green Pasture Software, Inc., a leading provider of document management software. Green Pasture Software is a privately held company based in Corvallis, Oregon. Financial details were not disclosed.

Green Pasture's operations will be integrated into IBM's Enterprise Content Management business and Green Pasture products will be available immediately from IBM.

The acquisition further extends IBM's leadership in enterprise content management, a fast-growing segment of its DB2 Information Management portfolio, enabling customers to electronically develop and manage the entire lifecycle of their business documents across the enterprise to increase efficiencies and make faster business decisions.

Today's news marks IBM's third acquisition in its Enterprise Content Management business since 2002. IBM purchased Tarian's records management software in November 2002 and Aptrix's Web content management software in July 2003.

Green Pasture Software is a leading provider of document management software that enables businesses to take advantage of real-time, high-performance document management capabilities to electronically collaborate, edit and manage multiple documents simultaneously. The software helps organizations more easily develop and manage documents that incorporate interrelated parts, such as spreadsheets, multimedia files and computer aided design (CAD) references.

For example, businesses today use Green Pasture software to automate and streamline document management across multiple business operations including product development, financial reporting, and compliance with governmental requirements. As a result, organizations can more easily create and manage documents such as product manuals, annual reports, and pharmaceutical submissions for clinical trials.

The addition of Green Pasture Software extends IBM's leadership in delivering the most comprehensive enterprise content management infrastructure in the industry, ranging from the development of simple spreadsheets to managing highly complex documents. IBM is the only vendor that supports customers' complete enterprise content management requirements, including support for all forms of information, document and records management, collaboration, digital rights management and storage.

The software is in especially high demand in organizations such as government, financial services, pharmaceutical and chemical and petroleum and other regulated industries that manage massive amounts of information which require long-term data retention.

"IBM is unmatched in the industry in providing customers with the tools they need to leverage their information assets to make better decisions and respond faster to market demands," said Janet Perna, general manager, IBM Data Management Software. "The addition of Green Pasture technology and its expertise in managing complex documents, combined with IBM's comprehensive enterprise content management offerings, brings more value to customers, helping them gain a faster return on their information assets."

"IBM is the recognized leader in helping companies deploy a complete enterprise content management solution" said Charlie Wittenberg, President, Green Pasture Software. "The combination of Green Pasture technology and IBM's Content Management offerings will enable businesses to more easily create and manage their critical information assets to increase productivity and enhance business insight."

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