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SOMERS, N.Y. - 15 Nov 2002: IBM today completed its acquisition of Tarian Software, the leading provider of e-Records management software.
The acquisition bolsters IBM's leadership in enterprise content management, a strategic priority for the company and a leading growth area within its Data Management portfolio. The acquisition was completed less than two weeks after announcing a definitive agreement.
"With the addition of Tarian Software, IBM is delivering the most value to customers by delivering the most comprehensive range of enterprise content management offerings in the industry," said Janet Perna, general manager, IBM Data Management Software. "We're setting the agenda for enabling customers to build next generation on demand e-businesses that allow them to electronically store, integrate and manage all forms of information across the enterprise."
IBM will incorporate Tarian technology into its data management portfolio of products. Now that the acquisition is complete, IBM intends to immediately:
IBM made the decision to acquire Tarian based on increasing demand from customers in government, insurance, financial, manufacturing and other regulated industries, where e-Records management software is in growing demand. According to Meta Group, the enterprise content management market is expected to exceed $10 billion by 2004. Meta Group also expects more than 90 percent of global 2000 companies to have formalized e-Records management policies and the technology infrastructure to support them by 2006.
Tarian is a leading provider of e-Records management software, a critical necessity for organizations that need to apply record retention and disposal policies to electronically stored information. The software integrates with a company's existing technology infrastructure, enabling them to apply rules by which organizations can comply with record retention policies and meet regulatory requirements.
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