IT management software provider CA filled a major gap in its product offerings June 13 by acquiring MDY Group International, a small but leading-edge provider of enterprise records management software and services.
CA and MDY did not disclose terms of the transaction.
MDY’s signature product, FileSurf, automates and centrally manages physical and electronic records distributed across the enterprise, regardless of location or origin.
The company’s Federated RM product enables organizations to enforce records management policies across disparate repositories through a centralized console and rules engine.
The acquisition will help CA customers fulfill their company-wide compliance, corporate governance, and legal discovery requirements in a big way, a CA spokesperson said.
CA, based in Islandia, N.Y., already has sufficient e-mail management capabilities but lacked software that could span all kinds of documents, including digital data, video, photos, audio and word files–plus physical media, such as paper records, film and audio tape.
Physical media is tracked via barcodes and RFID attachments in the MDY system, said MDY CEO Galina Datskovsky, who co-founded the Fair Lawn, N.J.-based company in 1988.
“This is the next step in our overall strategy [to fill out the company’s software offerings],” said Anders Lofgren, CA senior vice president of product management and marketing.
CA started its software upgrade with its acquisition of iLumin, a provider of enterprise message management and archiving software, in October 2005 and followed that with an extension of an OEM agreement with Arkivio to manage and archive file system data.
The MDY deal brings in the records-management capability that was previously lacking in the CA portfolio.
To read more about CA’s acquisitions, click here.
Due to new and tighter federal and state auditing requirements, organizations are charged with retaining and cost-effectively managing the growing volume of information often stored in disparate storage facilities.
MDY’s record-management product enables customers to fulfill compliance policies and discovery demands without incurring data migration costs or executing large-scale infrastructure changes, Lofgren said.
Forrester Research projects the records management market to grow at compound annual growth rate of 84 percent to $1.3 billion by 2008.
Read the full story on eWEEK.com: CA Acquires MDY to Fill Gap in Portfolio
