May 24, 2012 – Bloomberg LP has acquired the Dublin-based software provider PolarLake and is launching a new enterprise data management (EDM) service to help companies acquire, manage and distribute data across their organizations.

"Our customers are looking to find new ways to reduce the cost of managing data while adhering to increasing regulatory requirements for transparency," said Dan Doctoroff, Bloomberg president and chief executive in a statement. "The Bloomberg Enterprise Data Management business will address those pressures and help companies make their systems more efficient, effective and integrated."

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