EMC Corporation, the Massachusetts based information technology infrastructure, software and storage services provider has announced its acquisition of the privately held IT governance and compliance software services provider Archer Technologies for an undisclosed amount.
Commenting on the acquisition, which will be completed by Q1 2010, the storage company said that “Archer's technology will be rolled into EMC's RSA Security division and provide stronger policy management capabilities to the existing portfolio.”
EMC plans to complement its RSA data loss prevention and security information and event management products with Archer’s product portfolio. It also plans to continue selling Archer products under both an on-premise and software-as-a-service basis.
Archer Technology has a registered customer base of around six million users along with 25 Fortune 100 companies and competes with the likes of Agiliance and Modulo.
Most analysts believe that the move by EMC to acquire Archer Technologies makes strategic sense given the synergies that can explored between their respective product lines.
Archer’s governance, risk management and compliance technology is based on the SmartSuit framework that allows users to customise the software according to their businesses specific needs and create new software packages.
The Kansas, US based company also offers an online ‘marketplace’ to its customers from where they can purchase applications and extensions for their Archer products.
2010 will be a major year for mergers and acquisitions, certainly bigger than 2009 when the recession bit the hardest. EMC made an astute move by acquiring little known Archer Technologies; the purchase will allow EMC to position itself for the impending massive investment by the Obama administration.