Menu
HP makes Australian buy

HP makes Australian buy

Hewlett-Packard is to acquire Tower Software, an Australian document and records management software vendor which has clients in New Zealand. HP is offering $A3.39 (NZ$4.29) per share for Tower, whose local customers include Hutt City Council and Wanganui District Council. Tower’s three major shareholders, which include private equity firm Quadrant, have agreed to sell.

Quadrant bought a 63% stake in Tower in February 2007 and became embroiled in a controversy, with Tower’s original investors — senior management and Pendant Properties — going to Federal Court in Australia in a dispute over ownership of the company.

In a statement today, HP said “the acquisition of Tower will add electronic records management to HP Software’s existing e-discovery and compliance capabilities in information collection and retention.

“This includes both records management and identification, which have become increasingly important for organisations, due to rules and regulations such as the Federal Rules of Civil Procedure, the Sarbanes-Oxley Act and the Data Protection and Freedom of Information Acts.”

HP was a Tower partner before the buy, with Tower’s Tower TRIM Context integrated with HP’s Integrated Archive Platform.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags HP

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.​

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments