IBM to Acquire Tarian Software

Nov 05, 2002

IBM has signed a definitive agreement with Tarian Software to acquire all assets of the company. The acquisition is expected to close in the fourth quarter of 2002 and financial details were not disclosed. Tarian is a provider of erecords management software, which is increasingly important for organizations that need to apply record retention and disposal policies to electronically stored information. It is in especially high demand in organizations such as government, insurance, financial, manufacturing, and other regulated industries. 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. Once the acquisition is completed, IBM plans to: integrate Tarian business operations and personnel into the Data Management Software group; market and sell Tarian technology worldwide using an integrated IBM and Tarian sales force; and leverage Tarian technology across the entire IBM software portfolio--including IBM Content Manager, DB2 database, and Lotus software.