CA Technologies has confirmed that its information governance business is to be acquired by Autonomy.
The infrastructure software provider has announced its intention to acquire the division of CA Technologies to further strengthen its position in information governance.
Terms of the sale were not disclosed and the transaction is expected to close in early Q3 and is subject to customary closing conditions. Based on current run rate of the business, the transaction is not expected to have a material impact on Autonomy's 2010 prospects or results, neither on revenue nor profits, nor (save for the payment of the cash consideration) on cash or cash flows of the group. CA Technologies said the sale is not expected to have a material impact on its fiscal year 2011 results.
The asset acquisition will include CA Records Manager, a federated and physical records management product and CA Message Manager, a solution for capturing and managing all messages according to corporate and regulatory requirements. Customers will also have the option to leverage both offerings hosted in Autonomy's secure private cloud.
Neil Araujo, CEO of Autonomy iManage, said: “With the importance of transparency, regulatory oversight and consumer advocacy at an all-time high, the need for an end-to-end solution for information governance has never been stronger. The combination of Autonomy with CA Technologies information governance business will further strengthen Autonomy's solutions for the legal, regulatory and investigative markets.
“Autonomy's ability to extend its market-leading eDiscovery and archiving offerings with the software assets and people of CA Technologies information governance business is a win-win for global 2000 companies, government regulators and leading law firms. We are confident that CA Technologies information governance customers will benefit from Autonomy's focus, innovation and long-term vision for this space.”
Jacob Lamm, CA Technologies' executive vice president for strategy and corporate development, said: “We are pleased to partner with Autonomy, which is committed to serving this space and growing its governance business. This deal works for both CA Technologies and Autonomy and, most of all, for the customers of CA Records Manager and CA Message Manager who will continue to have access to leading edge information governance products.”