Stellent Stakes Leadership Claim in Content Security with Two Acquisitions

Business Wire, August 2, 2006

EDEN PRAIRIE, Minn. -- Addition of enterprise digital rights management and content cleansing technologies will enable organizations to better secure sensitive information both inside and outside of the enterprise

Stellent, Inc. (Nasdaq:STEL), a global provider of content management solutions, announced today it has staked a leadership claim in the content security market by acquiring SealedMedia Limited, a leader in easy-to-use, enterprise digital rights management solutions, and Bitform, a provider of content cleansing technologies. These technologies will enable Stellent customers to better secure and control sensitive content both inside and outside of the enterprise.

"A key tenet of enterprise content management (ECM) and financial compliance initiatives is the efficient and secure sharing of information both internally and externally," said Dan Ryan, chief operating officer for Stellent. "Stellent already is an industry leader in facilitating secure access to content on Web sites and within repositories, and we provide policy-based records and retention management. However, to ensure content is secure throughout collaborative business processes, information technologies must reach beyond repository-level security. These two acquisitions strengthen our functionality in this area. Our customers will now be able to better secure and control documents internally and externally using enterprise digital rights management. In addition, we can 'cleanse' documents of 'hidden' information prior to publication and distribution."

SealedMedia is a London-based company with a broad list of Global 1000 customers, including Vodafone, Fenwick & West, the U.S. Department of Energy, Rhodia, Johnson Matthey, O2, Harvard Business School Publishing and Citrix. Founded in 1996, SealedMedia helps organizations maintain complete control, for the lifetime of a document, over who can use their most sensitive information and when they can use it. Its enterprise digital rights management software protects information wherever it is stored and used. Unlike conventional information management products that only manage information while it resides in servers, SealedMedia extends security, control and tracking to information on remote end-user desktops, laptops and mobile wireless devices.

Bitform is an early-stage software development company. Founded in 2003 and headquartered in Chicago, Bitform's primary product addresses the rising challenge of hidden data within documents, which can create security and policy risks. This hidden information includes metadata, tracked changes and comments, revision and author history, fast-save data, and database connection details, among many other elements. The Bitform Secure SDK identifies and cleanses or strips files of sensitive, confidential or proprietary metadata and hidden information that may pose risks to organizations if exposed.

Stellent plans to integrate the SealedMedia and Bitform technologies within its enterprise software products in order to further differentiate its ECM offering.

"We are extremely pleased to acquire two companies whose leading-edge technologies will augment all areas of our business, from our full line of ECM, compliance and records management solutions to our already sizeable original equipment manufacturer (OEM) channel," said Robert Olson, president and chief executive officer for Stellent. "We're all aware of recent cases where sensitive information contained in documents was inadvertently shared inappropriately. As a content management and compliance technology provider, it is a logical extension for us to provide our customers with additional capabilities for minimizing content risk and maximizing content security. We look forward to further capitalizing on this large and growing market."

SealedMedia -- Enterprise Digital Rights Management

Each day, millions of business documents are shared electronically via email, portals, Web publishing, partner extranets and instant messaging. These documents are somewhat secure when stored within server folders, email inboxes and other corporate repositories. However, they also are often used and stored on thousands of desktops, laptops and mobile wireless devices both inside and outside of the corporate firewall. From there, documents can be easily and untraceably opened, copied and forwarded anywhere.

SealedMedia's enterprise digital rights management solutions address this content security and compliance risk, giving customers control over when, where and how information is used and by whom -- even after it has been delivered. SealedMedia uses encryption technology to place an access-controlled perimeter around the information itself (e.g., documents, emails, Web pages), ensuring content is protected according to policy, regardless of its location. With SealedMedia, only authorized users can open and/or modify secured content; access to the content is centrally audited and reported; access to information stored on remote desktops can be centrally revoked; and provisioned rights can be changed.