Tower Software helps firms stave off litigation threats
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HP is to acquire Australian document and
records management software company Tower in a cash transaction worth $AUS3.39
(£1.55) per share.
Tower Software specialises in electronic discovery applications that help
companies comply with industry rules and regulations on data storage such as
Sarbanes Oxley.
The company's software searches both unstructured and structured data, and
integrates with Microsoft’s
SharePoint
web-based collaboration and document management platform. It has already been
used in HP’s data archiving hardware and software products.
Tower has around 1,000 customers with more than 780,000 users in 32
countries.
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