Excerpt from: Tech M&A Talk
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| June 13, 2006 | | Records management software helps CA fulfill clients' company-wide compliance, corporate governance and legal discovery requirements | CA announced its acquisition of records management software and services provider, MDY. Updata Capital initiated the transaction, acted as financial advisor and negotiated the terms of the transaction for MDY. CA's announcement states that MDY's technology will work with CA's email management, file management and discovery solutions to facilitate customers' compliance and discovery requirements without data migration costs or large-scale infrastructure changes. Paul Shread of EnterpriseStorageForum.com notes that with this acquistion, CA is making a move into enterprise records management, a fast growing market. Forrester Research projects the records management market to grow at compound annual growth rate of 84% to $1.3 billion in 2008. The acquisition also complements CA's acquisition last year of iLumin, a provider of enterprise message management and archiving software. | | |
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