FileNet Corporation announced it has acquired Shana Corporation, a provider of electronic forms software. This acquisition will provide FileNet with the technology and experience to address enterprise Forms Management. FileNet and Shana have been marketing an integrated eForms solution for the past year through an OEM partnership. The purchase of Shana is an all cash transaction valued at approximately $8.5 million to acquire all stock in Shana Corporation. Shana’s technical development team will form the core of FileNet’s Canada-based development center and will support further FileNet product development, as well as customer support of FileNet’s eForms offering. Additionally, the company announced the availability of Virtual Content Management (VCM) capabilities for its FileNet P8 product line. With VCM, FileNet customers can access and use content stored in third party repositories including Content Management repositories from IBM, Documentum, and Microsoft, among others. VCM is available as an option to FileNet’s P8 Business Process Manager, Content Manager and Web Content Manager suites.