Business Services Industry

Stellent Named in ''Visionary'' Quadrant in Financial Compliance Process Management Software Magic Quadrant Report from Top Industry Analyst Firm

Business Wire, Oct 26, 2005

EDEN PRAIRIE, Minn. -- Stellent, Inc. (Nasdaq:STEL), a global provider of content management solutions, announced today it was positioned in the visionaries quadrant in Gartner, Inc.'s "Magic Quadrant for Financial Compliance Process Management (FCPM) Software, 2005"(1) report. Gartner (NYSE:IT) is the leading provider of research and analysis on the global information technology industry.

To be included in the FCPM report, vendors must support a minimum level of functionality for reporting, workflow for reviews and approvals, and support for documentation pertaining to internal controls. According to the report, those vendors named "visionaries" have a solid understanding of the market as demonstrated by domain expertise and responsiveness to their customers' expectations. They are actively executing against an aggressive product roadmap that expands support to additional regulatory and nonregulatory compliance needs.

"Gartner estimates that by 2008 new FCPM license spending will be $394 million," said Dan Ryan, executive vice president of marketing and business development for Stellent. "We feel Stellent is strongly positioned to capitalize on this growing market with our successful Sarbanes-Oxley-specific and other compliance offerings. We will continue to build upon our solid product suite to provide customers with the compliance functionality they require."

Recently, Stellent expanded its retention management capabilities to allow compliance and legal users to apply disposition and retention rules to any content item, not just records. In addition, customers are able to apply litigation or audit holds to content items that are non-records, preventing the accidental or intentional deletion of information organizations are required to retain for litigation or audits. This unified approach helps ensure old content is retained according to the customers' retention policies, reducing their liability. And, discovered content can be easily packaged and distributed by many mechanisms, including placement of information into a Stellent collaboration folder or extranet site, or printing or transferring it to other media.

To access the complete Magic Quadrant for Financial Compliance Process Management Software, visit www.stellent.com/gartnerfcpmmq.> Stellent Compliance Solutions

Stellent provides content management-based solutions to help companies streamline processes related to complying with a variety of regulations, such as the Patriot Act, Health Insurance Portability and Accountability Act (HIPAA), ISO, and the Sarbanes-Oxley Act. Stellent's compliance solutions help companies efficiently manage and approve documentation related to financial and non-financial disclosures, as well as documentation associated with an organization's enterprise risk management process. The solutions are based on the award-winning Stellent Universal Content Management system, which offers a full array of enterprise content management functionality, including document management and imaging, Web content management, digital asset management, collaboration, and records management.

For more information about Stellent's compliance solutions, call 1-800-989-8774 or visit www.stellent.com.

About Stellent, Inc.

Stellent, Inc. (www.stellent.com) is a global provider of content management software solutions that drive rapid success for customers by enabling fast implementations and generating quick, broad user adoption. With Stellent Universal Content Management, customers can easily deploy multiple line-of-business applications -- such as public Web sites, secure intranets and extranets, compliance processes, and marketing brand management -- and also scale the technology to support multi-site management and enterprise-wide content management needs.

More than 4,400 customers worldwide -- including Procter & Gamble, Merrill Lynch, Los Angeles County, The Home Depot, British Red Cross, ING, Vodafone, Georgia Pacific, Bayer Corp., Coca-Cola FEMSA, Emerson Process Management and Genzyme Corp. -- have selected Stellent solutions to power their content-centric business applications. Stellent is headquartered in Eden Prairie, Minn. and maintains offices throughout the United States, Europe, Asia-Pacific and Latin America.

Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties including, without limitation, risks of intellectual property litigation, risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally and in the enterprise content management and unstructured information management markets specifically, risks associated with competition and competitive pricing pressures, risks associated with foreign sales and higher customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission.

 

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