FileNet Acquires Rivals Saros And IFS: Bankers Mulls Consequences


California-based FileNet, a software vendor specialising in document imaging and workflow systems, has announced plans to acquire two of its competitors: Saros Corporation and International Financial Systems (IFS).

The acquisitions will have a direct impact on Bankers Trust, which is a client of both FileNet and Saros. Bankers uses the vendors' systems to automate its processing operations worldwide (RMO, September 25, 1995).

Market observers say FileNet's document management system is geared

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