CA announced the acquisition of MDY Group International, Inc., a leading provider of enterprise records management software and services. MDY's innovative solutions help organizations to centrally manage physical and electronic records distributed across the enterprise, regardless of location or origin. The acquisition will help CA customers more easily fulfill their company-wide compliance, corporate governance and legal discovery requirements.
In today's highly regulated environments, organizations must retain and cost-effectively manage the growing volume of information that is often stored in disparate silos. MDY's record management technology complements CA's email management, file management and discovery solutions, enabling customers to fulfill compliance policies and discovery demands - without incurring data migration costs or executing large-scale infrastructure changes.
Forrester Research Inc., an independent technology and market research company, projects the records management market to grow at compound annual growth rate of 84 percent to $1.3 billion in 2008. (1)
CA will market and support the full suite of MDY products and services, which address every aspect of records management. CA also plans to integrate MDY's records management technology with CA Message Manager to offer customers a solution for managing email and other business documents.
The acquisition extends CA's leadership in intelligent storage management and follows its 2005 acquisition of iLumin, a provider of enterprise message management and archiving software.
"CA and MDY have long histories of helping customers effectively manage information that's distributed across diverse platforms and applications," said Galina Datskovsky, CEO and founder of MDY, who is joining CA as senior vice president for BrightStor. "We're excited about becoming part of the CA family and applying our technology in an integrated manner with customers' broader enterprise IT management strategies."
MDY's signature product, MDY FileSurf, helps organizations gain control over their physical, electronic, and email records across the enterprise. By automating record-keeping processes, it saves organizations time and money, gives users faster access to information, and helps ensure compliance with regulatory requirements and organizational policies. MDY FileSurf is certified under the U.S. Department of Defense (DoD) 5015.2 Standard for records management applications.
MDY's Federated RM solution enables organizations to enforce critical records management strategies across multiple, disparate repositories through a records centralized console and rules engine
According to Forrester, records management software products must be extended to provide retention management that guarantees compliance and enforcement of corporate policies from content creation through final disposition of corporate records. (2) Forrester recognized MDY as a records management visionary and said it was one of three leading vendors who "have broken out of the records management straightjacket" and are offering innovative/nascent/emerging solutions for retention management. (2)
MDY was founded in 1988 and is headquartered in Fair Lawn, NJ. For additional information, please visithttp://ca.com/mdy.
CA did not disclose terms of the transaction.
1. Source: "Market Overview: ECM Growth Outpaces the Overall Software Market," Forrester Research Inc., July 2005
2. Source: "Retention Management: The Holy Grail of Records Management," Forrester Research Inc., April 20, 2006
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