Stellent, Inc. announced it has acquired select assets of privately held Ancept, Inc. In addition, Ancept is a Strategic Alliance Partner of IBM’s. Stellent will continue this partnership and continue to market Ancept Media Server in conjunction with IBM. Ancept Media Server, in combination with the Stellent Content Server, will enable Stellent customers to connect video content editing, management and reuse processes while allowing them to manage their digital assets in the same repository structure as the rest of their enterprise content. The initial product integration is scheduled for release in the fourth quarter of Stellent’s fiscal year 2004. As part of the acquisition, Stellent hired 18 Ancept employees, primarily in the product development and consulting services areas. Jeff Stromberg, Ancept’s founder and president, has joined Stellent as vice president of business development. Stellent acquired select assets of Ancept for $2.0 million in cash, 100,000 shares of Stellent common stock and a potential cash earn-out over a two-year period based upon revenue performance.