Flash maker Adobe Systems has today announced the signing of an agreement to launch a public tender offer through which it aims to acquire all the shares of Basel-based Enterprise Content Management (ECM) expert Day Software for about $240 million.
The purchase is expected to enhance Adobe's enterprise software line with top Web Content Management (WCM), Digital Asset Management and Social Collaboration offerings. This will help organizations using Adobe software and services to better integrate their global web presence and business applications.
"Adobe's acquisition of Day represents a key milestone in our efforts toward delivering best-in-class customer experience management solutions to enterprises and governments worldwide," said Rob Tarkoff, senior vice president and general manager, Digital Enterprise Solutions, Adobe. "With the addition of Day to our enterprise portfolio, we will be able to enhance the value of our offering and deliver on our vision of the web as the hub of customer interaction."
Day Software is expected to join Adobe's Digital Enterprise Solutions Business Unit by the end of the year.
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