Documentum To Acquire eRoom Technology, Inc. "Documentum (Nasdaq: DCTM), the leading provider of enterprise content management (ECM), today announced an agreement to acquire privately held eRoom Technology, Inc. In the acquisition, 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."
Congrats to Jeffrey and Pito.