San Jose, Calif. -- Interwoven, a San Jose-based developer of content management software, said on Thursday that it will pay $36 million in cash to acquire Discovery Mining, a developer of web-based electronic discovery software used in litigation and investigations. The deal is expected to close by the end of September. Discovery Mining's software is designed to help users process, review and produce massive volumes of electronic data. "We plan to leverage our market experience to bring leadership to what is today a fragmented market for eDiscovery," said Joe Cowan, the CEO of Interwoven.
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