IBM to Acquire Tarian Software, Extends Leadership in Data Management

Helps Customers Manage All Forms of Electronic Business Information Across the Enterprise

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Somers, New York - 04 Nov 2002: IBM today announced it has signed a definitive agreement with Tarian Software to acquire all assets of the company. Tarian is a privately held provider of e-Records management software based in Ottawa, Canada.

The acquisition is expected to close in the fourth quarter, 2002. Financial details were not disclosed.

The acquisition further strengthens IBM's leadership in Enterprise Content Management, a fast-growing segment of its Data Management portfolio and a key strategic priority for the company. IBM's Content Manager revenue grew 20 percent year-to-year in the third quarter of 2002.

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.

The acquisition extends the unparalleled breadth of IBM's portfolio of e-business infrastructure software and addresses a key customer need to digitize, integrate and manage information across the enterprise in an effort to improve operational efficiencies and reduce costs.

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.

With today's acquisition, IBM will be further extending its enterprise content management portfolio to help companies manage the entire lifecycle from the creation, management and the disposal of their critical business documents. e-Records management software is in especially high demand in organizations such as government, insurance, financial, manufacturing and other regulated industries.

"Companies are investing in e-Records management software to better manage their electronically stored information as well as comply with regulatory requirements, reduce operational risk and increase decision making accuracy and efficiencies," said Janet Perna, general manager, IBM Data Management Software. " With the addition of Tarian's technology and expertise in e-Records management, IBM is bringing more value to customers faster in managing digitized content."

"IBM is a recognized leader in helping organizations implement an enterprise content management infrastructure," said Bruce Miller, president, Tarian Software. "By combining Tarian's leadership technology and e-Records management expertise with IBM's global resources, we are able to help a broad set of customers meet their electronic recordkeeping needs."

Once the acquisition is completed, IBM plans to:

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