IBM said on Thursday it will acquire Venetica, a privately held content management and integration company based in Charlotte, N.C.
Venetica provides enterprise content integration (ECI) software that lets users access unstructured information such as business documents, still images, digital media and Web pages, and integrate it into existing business processes.
Venetica technology will be folded into IBM's DB2 Information Integrator family of products and will work with other IBM middleware offerings, including DB2 Content Manager, WebSphere Application Server, WebSphere Portal, WebSphere Business Integration and IBM's Workplace initiatives, IBM said in a statement.
"What this offers IBM is the ability to really deliver a content management solution that can tap into a variety of different resources," said Steve O'Grady, an analyst with RedMonk, Bath, Me.
Venetica software can also work with both IBM and non-IBM data sources, including EMC/Documentum, FileNet, Hummingbird, Interwoven, Open Text and Stellent.
According to experts, business integration software is expected to exceed $10 billion by 2006. Research firm IDC estimates that companies are now spending as much as 40% of their annual IT budgets on integration.
The acquisition is expected to close in the fourth-quarter. Financial details were not disclosed.