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Acquisition of Document Sciences Completed by EMC

For $86 million, as previously announced

EMC
Corporation has completed the acquisition of
Carlsbad, CA-based Document Sciences Corporation, a provider of document output management (DOM) and customer
communications management (CCM) software that facilitates highly
personalized, multi-channel communications to customers, partners and
suppliers.

Under terms of the definitive agreement announced on
December 27, 2007, EMC acquired Document Sciences in a cash transaction
valued at approximately $85,800,000.

The
acquisition complements and extends EMC’s vision in transactional
content management (TCM) – one of the fastest-growing segments of
enterprise content management (ECM). EMC’s unique combination of
document capture, business process management — and now, document
output management – further extends EMC’s leadership in this important
segment. In addition, this acquisition also extends EMC’s broader ECM
offerings, adding dynamic communications services to enhance the
company’s interactive content management, knowledge worker and
archiving & compliance solutions.

Mark
Lewis, President, Content Management and Archiving Division at EMC
commented, "When we announced our intent to acquire Document Sciences
in December, we stressed the deal would further extend our leadership
position in both transactional content management and the larger
category of enterprise content management. With the acquisition now
complete, we are delivering on this promise, enabling EMC customers to
fully benefit from the market’s leading suite of document output
management and customer communications solutions
."

Leveraging
Document Sciences’ xPression suite, organizations can automate the
creation and delivery of well-designed, highly personalized
communications — from contracts, policies and high-volume relationship
statements, to customized marketing collateral and correspondence. As a
result, companies benefit from increased customer loyalty; a single,
standards-based solution that integrates with enterprise CRM, ECM and
ERP systems; and dramatically improved design and implementation of
business communications.

EMC will operate
Document Sciences as a business unit within the company’s Content
Management and Archiving division. Additionally, Document Sciences’
outsourcing business — Objectiva — which provides outsourced software
development services to large multinational corporations around the
world, will become a wholly owned subsidiary of EMC.

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