HP to acquire Tower Software

HP and Tower Software have signed a pre-bid agreement for HP to acquire Tower. HP says the move will enable it to expand its offerings in the electronic discovery and compliance software market.

The acquisition of Tower will add electronic records management to HP Software’s existing e-discovery and compliance capabilities in information collection and retention. And, under an existing alliance between the companies, Tower TRIM Context has been integrated with the HP Integrated Archive Platform to provide customers with a combined records management and compliance archiving solution.

HP adds that the addition of Tower also is expected to enable its software division to address the growing Microsoft SharePoint compliance and e-discovery opportunities.