IBM Acquires FileNet

On Aug 10, 2006, IBM announced it would purchase FileNet (NASDAQ:FILE) for an all-cash transaction of $1.6B. FileNet is a leading vendor of business process and content management solutions, publicly traded as FILE. Deal expected to close in 4Q06.

Selected data on FileNet:

  • Revenue (ttm):421.84M
  • EBITDA (ttm):63.53M (15% of revenues)
  • Qtrly Revenue Growth (yoy):7.50%
  • Has 1,700+ employees.

David Ferris

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