IBM has expanded its reach into the legal marketplace with two recent acquisitions of privately held companies, PSS Systems based in Mountain View, California and Open Pages, based in Waltham, Massachusetts.
PSS Systems’ Atlas Suite provides integrated software solutions for legal holds, discovery workflow, regulatory compliance and data governance. PSS Systems has a worldwide base of clients, including seven of the top 10 Fortune 500 companies, across a variety of industries including financial services, pharmaceutical, petro-chemical, healthcare and energy. These include companies such as Abbott, BASF, BP, ConocoPhillips, Devon Energy, First Data, GE, Pfizer and Williams.
OpenPages’ software aggregates data pertaining to compliance and risk management (including operational risk, financial controls management, IT risk and internal audits) to create an enterprise-wide view of where a company is exposed and how risks might impact future performance. The software can highlight inconsistencies in risk and performance goals. OpenPages has more than 200 customers, including Allianz, Barclays, Carnival Corporation, Duke Energy and SunTrust.
By combining PSS Systems’ software with IBM’s complementary Information Lifecycle Governance software, IBM is expanding its capabilities to deliver a comprehensive portfolio that can help clients manage, automate and apply policies to mitigate legal risk and help reduce costs of information management, litigation and e-discovery.
OpenPages risk management solutions will become part of IBM’s business analytics software portfolio