Document management firm Documentum has acquired Relevance Technologies, which specialises in software for searching unstructured information such as text and Web pages.
Documentum paid $36.5 million for its new subsidiary and will integrate the two technologies in an attempt to win share of the emerging 'knowledge chain management' sector.
The company also announced a 64 per cent leap in second quarter revenue to reach $28.4 million, with net income up 119 per cent to $3.2 million.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally