Adobe strengthens ECM with Day acquisition

Stephen Withers
Thursday, 29 July 2010 09:57

IT Industry - Deals

Adobe is set to acquire Switzerland-based Day Software, a developer of content management, digital asset management, and social collaboration software.

Adobe and Day Software have agreed a $US240 million acquisition of the Basel-based software developer. The price offered is 59% above the company's volume-weighted average share price over the last 60 trading days.

According to Adobe officials, the acquisition will strengthen the company’s enterprise software solutions with web content management, digital asset management and social collaboration offerings. They implied that there will be changes to current Day products for better integration with Adobe technologies including AIR, Flash, Flex and PDF.

"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, Adobe's senior vice president and general manager, digital enterprise solutions.

"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," Tarkoff added.

Day CEO Erik Hansen welcomed the deal, saying "We are excited to join Adobe and combine our expertise in WCM (web content management) with technologies that create and deliver rich online and offline experiences leveraging the ubiquity of Flash and PDF. We believe this is a winning combination for both Adobe and Day customers."

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