Documentum announced an agreement to acquire privately held eRoom Technology, Inc. Documentum will issue approximately 7.7 million shares of its common stock and pay approximately $12.6 million in cash for all of the outstanding shares of eRoom’s capital stock, based upon eRoom’s current capitalization. In addition, Documentum will reserve approximately 1.7 million shares of its common stock for issuance upon exercise of eRoom stock options being assumed in the acquisition. The acquisition is expected to close in December 2002, subject to customary closing conditions. The joint Documentum and eRoom solution will offer a broadened spectrum of structured, ad hoc, real time and anytime collaboration functions, integrated with Documentum’s ECM platform. Customers will have access to tools for content-centric and collaboration-centric applications, each supported, leveraged and extended by the other. Following completion of the transaction, Documentum will sell the eRoom products and the ECM platform, through the combined sales channels. www.eroom.com, www.documentum.com
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