Adobe Acquires Swiss ECM Pioneer for $240 Million

In an acquisition deal between Adobe Systems (News - Alert) Inc. and Swiss enterprise content management “ECM” pioneer Day Software Holding AG, Adobe will launch a public tender offer to buy Day Software for a cash value of $240 million. The buyout is expected to be completed by Adobe's fourth quarter, subject to customary government approvals and the satisfaction of other customary conditions.

Under the terms of the deal, Basel, Switzerland-based Day Software will become part of Adobe's digital enterprise solutions business division. The offer of 139 Swiss francs per share was unanimously recommended by Day's board of directors.

This acquisition of Day will strengthen Adobe’s enterprise software solutions with market leading Web content management (WCM), digital asset management and social collaboration offerings. In fact, according to Adobe, it represents a significant market opportunity for the software company, enabling organizations to create, manage, distribute and monetize content while optimizing the web experience for their customers.

While Day customers will be able to leverage more interactive application and document capabilities from Adobe AIR, Adobe Flash, Flex, Adobe LiveCycle and PDF, according to Adobe. Together, added Adobe, the two software companies will help customers realize the full potential of the web in acquiring, servicing and retaining without disrupting their existing IT infrastructures.

“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,” commented Rob Tarkoff (News - Alert), senior vice president and general manager, Digital Enterprise Solutions, Adobe. In the same statement, he noted, “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.”

“Organizations around the globe have recognized the importance of the online and mobile channel and turned to Day as their enterprise standard for next generation Web content management,”said Erik Hansen, CEO, Day Software. “We are excited to join Adobe and combine our expertise in WCM 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, ” affirmed Hansen.