Swiss-based web content management (WCM) house Day Software Holding AG got bought Wednesday by Adobe for roughly $240 million (255 million Swiss francs). Adobe is now going to tender for its outstanding stock offering $131.53 a share cash (139 Swiss francs), a 59% premium compared to its performance the last 60 days. Observers believe Day’s been positioning itself so Adobe would buy it. Adobe currently embeds Alfresco’s open source enterprise content management repository in its LiveCycle product and in its Acrobat.com service under an OEM arrangement but Day and Alfresco don’t seem to tangle in the marketplace.

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