November 4, 2002 7:53 AM PST
IBM acquires Canadian software maker
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Tarian, based in Ottawa, makes records management software, used to electronically store and maintain corporate documents. The software can be integrated with existing technology, and it is especially popular in highly regulated industries such as government, insurance, finance and manufacturing.
IBM said it would integrate Tarian's business operations and employees into its data management software group, led by Janet Perna. It also plans to use Tarian technology in other IBM software including IBM Content Manager, the DB2 database and Lotus applications.
Financial terms of the deal were not disclosed. IBM said the deal should close in the fourth quarter.
Separately Monday, Documentum announced that it was acquiring privately held TrueArc, another records management company. Documentum said it would pay $3.6 million for the company, in a deal also expected to close in the fourth quarter.
Documentum has already worked with TrueArc and said that it plans to integrate TrueArc's software into its products for managing enterprise content. The companies have already tested a combination of TrueArc's Foremost Enterprise and Documentum's ECM platform that is compliant with the new U.S. Department of Defense 5015.2 standard for electronic record-keeping systems.