I.B.M. to Buy Content Software Maker for $1.6 Billion - New York Times: "I.B.M. announced yesterday that it planned to pay $1.6 billion for FileNet, a maker of software that helps companies manage documents and other digital information.

The planned purchase, analysts said, is a move by I.B.M. to strengthen its position in the fast-growing market for so-called content management software. The market is thriving as companies struggle to find timely and useful nuggets of intelligence in the mountains of information stored not only in structured corporate databases, but increasingly in reports, e-mail archives, Web pages, video clips and podcasts."