EMC to Acquire Document Sciences

EMC Corporation (NYSE: EMC) and Document Sciences Corporation (NASDAQ: DOCX) announced that they have signed a definitive agreement whereby EMC will acquire publicly-held Document Sciences Corporation in a cash transaction valued at approximately $85,000,000. Document Sciences Corporation is a provider of document output management (DOM) software that facilitates personalized, multi-channel communications to customers, partners and suppliers. The acquisition adds to EMC's position in the transactional content management (TCM) marketplace. The board of directors of Document Sciences Corporation approved the transaction with EMC based, in part, upon the recommendation of a special committee of the Document Sciences board of directors that was established to evaluate strategic alternatives. Under the terms of the agreement, Document Sciences Corporation stockholders will receive $14.75 in cash for each share of Document Sciences Corporation common stock. The acquisition is subject to customary closing conditions, including Document Sciences' stockholder and regulatory approvals, and is expected to be completed in the first quarter of calendar year 2008. This transaction is not expected to have a material impact on EMC financial results in 2008. Upon completion of the acquisition, EMC intends to operate Document Sciences Corporation as a business unit within the EMC Content Management and Archiving division. http://www.docscience.com, http://www.emc.com