IBM announced today that it has acquired Green Pasture Software Inc., a privately owned provider of document management software based in Corvallis, Ore.
Financial details of the agreement were not disclosed.
Green Pasture makes software that lets users manage documents across multiple business operations, including product development, financial reporting and compliance with governmental requirements. The company's software works with a number of desktop applications, including Lotus Notes and Microsoft Office.
Stephen O'Grady, an analyst with RedMonk, a research firm in Bath, Maine, said that Green Pastures has partnered with IBM for some time. The vendor has "significant hooks" in the IBM product line, specifically Domino, although it also has DB2 products as well, he said.
"Domino for years has been a repository of choice for many firms," he said. "There are a lot [of servers] out there, and I think what this is designed to do is make Domino a more suitable home for documents."
Green Pasture's operations will be integrated into IBM's content-management business, and Green Pasture products will be available immediately from IBM, officials said.
The buy is IBM's third acquisition in less than two years in the enterprise content-management space. IBM purchased Tarian Software Inc.'s records management software in November 2002 and Aptrix's Web content-management software in July 2003.
The acquisition strengthens IBM's position in the $10 billion content-management market, which analysts say will be a huge focus for Big Blue next year. IBM has about 34% of the content-management market, according to Gartner Inc. IBM says it has about 9,000 companies using its enterprise content-management technology.
With products such as its DB2 Content Management system and Lotus Workplace Content Management, as well as a number of similar offerings to be introduced next year, IBM is poised to deliver the most comprehensive portfolio of content management capabilities, analysts say.