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the Free CMSWire NewsletterThis week IBM announced that it has finally closed the Algorithmics deal that, among other things, gives it financial governance software, OpenText upgrades its records management for email, StoredIQ adds a records management module, and Mitratech looks at legal IT spending.
IBM Closes Algorithmics Acquisition
This week, after announcing the acquisition at the beginning of September, IBM announced the closing of its acquisition of Algorithmics.
The acquisition expands IBM’s business analytics capabilities in the area of financial risk. Algorithmics provides software and services for improved business insights and governance at banks and investment and insurance organizations to assess risk and address regulatory challenges. The purchase price is US$ 380.2 million.
Algorithmics' capabilities, combined with IBM’s acquisition of OpenPages, give clients an array of financial and operational risk technology offerings and services to help with these.
IBM and Algorithmics' advanced analytics technologies and improved business processes will enable companies to measure and assess operational risk associated with lending processes and market and credit risk exposures.
The technologies and business processes help organizations to quantify, manage and optimize their risk exposure across a range of financial risk domains, including market, liquidity and credit, operational and insurance as well as economic and regulatory capital.
IBM's acquisition of Algorithmics is part of a move to broaden advanced analytics capabilities for the financial services industry. The news supports IBM's long-term growth strategy to expand the company’s business analytics and optimization software and services capabilities.
OpenText Upgrades Email Records Management
OpenText has been busy, too, with governance, this time with the release of a new version of OpenText Email Management for Microsoft Exchange.
The new version offers improved support for huge or geographically dispersed environments, enhanced records management capabilities and easier and faster administration.
To support global operations, the OpenText Email Management software now has awareness of multiple archive servers that can be located around the world.
With this awareness, archived mail can now be more easily moved from a source archive to a destination archive, improving the end user's experience. It also accommodates regulations stipulating that email messages considered records must remain in the country of origin by ensuring that those email messages stay in the original location.
Other enhancements include a redesign of the email management assistant, improved metadata capture to better support complex and event-driven retention policies, refined access control to allow archived messages to be based on participants and general administration improvements and features. It also adds support for 64-bit versions of Microsoft Outlook 2010 clients. Part of OpenText’s ECM Suite, it is available now.
StoredIQ Adds Records Management
Information governance vendor StoredIQ has announced RecordsIQ, an application designed to empower records managers and IT to address a range of records retention, disposition and management requirements.
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