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consolidation fever not yet over for ECM market.
Byline: Mark Chillingworth
Although the number of enterprise content management (ECM) suppliers has shrunk considerably with IBM's acquisition of FileNet and OpenText's purchase of Hummingbird, experts are predicting more consolidation in the sector.
This summer has seen a spate of ECM acquisitions, sparked off by the purchase of Hummingbird, initially by venture capitalist group Symphony Technology before market rival OpenText abseiled in at the last minute to scoop up Hummingbird for its ECM offering.
IBM then played its joker, snapping up FileNet for $1.6bn ([pounds sterling]842m).
David Macey, vice-president of international operations at Stellent, said: "IBM was looking for market share -- it really did compete with FileNet.
UK-based Macey said organisations now had a choice of just four ECM platforms: EMC, IBM, OpenText and Stellent.
Analysts said that consolidation in the market had only just begun.
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Source: HighBeam Research, consolidation fever not yet over for ECM market.