IBM buys Canadian records management developer

IBM Corp. has agreed to buy electronic record-keeping technology developer Tarian Software Inc., the companies said Monday. Financial terms of the deal were not disclosed.

Tarian, in Ottawa, Canada, markets Web-based electronic-record software intended to be embedded within corporate business software, such as e-mail, document management, workflow and imaging applications. IBM said it will use Tarian's technology throughout its portfolio, including in its DB2 database, Lotus and IBM Content Manager software.

Tarian's operations and personnel will become part of IBM's Data Management Software group, led by IBM Data Management Software General Manager Janet Perna, IBM said.

The acquisition is expected to close by the end of 2002, according to the companies.

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