After lying extremely doggo for many months, FileNet Corp, Costa Mesa, California has sprung into action with definitive agreements to acquire two companies – Saros Corp, for which it is paying 2.222m directly-issued shares worth $102m, plus options; and International Financial Systems Ltd of New York, which owns the Greenbar Software technology, for an undisclosed cash sum. FileNet claims acquisition of Saros will make it the first software vendor to provide a family of integrated workflow, document imaging and document management products to scale from the workgroup to the enterprise-wide scale, including the Internet. Saros, based in Bellevue, Washington provides enterprise document management technology OEM, and claims 425,000 individual users in commercial and government sites. It is a co-founder of the Document Management Alliance with IBM Corp, Novell Inc and Xerox Corp. And Greenbar Software is a computer output to laser disk software product for archiving documents such as customer statements and accounting reports that typically originate from mainframe applications, on magnetic and optical disks – replacement for computer output on microfiche; FileNet will merge Greenbar Software with its WorkFlo Business System and FileNet:WorkGroup workflow and document imaging software products. The software runs under Windows NT server and supports Windows 3.X, Windows95, and Windows NT clients.
