CYA Technologies Acquires Information Use Management Vendor Rovia; Leading Business Continuity Software Provider Expands Product Offering to Include Secure Collaboration Software.Business Editors/High-Tech Writers TRUMBULL, Conn.--(BUSINESS WIRE)--Dec. 16, 2002 CYA CYA Cover your ass. See Defensive medicine. Technologies, the leading provider of application-aware business continuity software products, today announced the acquisition of Rovia, Incorporated, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . The transaction was completed on December 9, 2002 for an undisclosed amount in an all-stock deal. The acquisition provides CYA with the rights to Rovia's technology and intellectual property. CYA will retain Rovia's R&D personnel and sales channel personnel and plans to keep Rovia's Cambridge-based research and development facility open. CYA originally partnered with Rovia in the summer of 2002 utilizing Rovia's ShareSafe(TM) technology as the development core of CYA UniVault(TM) and CYA Guardian(TM). Both products address the need for robust secure collaboration Working together on a project. See collaborative software. at the enterprise level and are designed to fit into the overall business continuity strategy of an organization. "It's a logical acquisition, and one in which CYA's clients will ultimately reap the benefits, by having powerful business continuity and security solutions available from one reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep u·ta·bil vendor," said Pedro Zayas, former co-founder and chief technology officer, Rovia, Inc. "CYA is a stable and fast growing company with international brand recognition and an impressive list of Fortune 2000 clients. Those clients also have a need to protect critical information from being copied, printed or transmitted without permission," continued Zayas. "Acquiring Rovia allows CYA to broaden its reach across the enterprise and offer clients a more complete set of products, with the creation of a new suite that will be dedicated to secure collaboration. This is a natural extension of CYA's business model, which is to design and deliver robust software products that protect an organization's critical information and business processes," said Elaine Price, president and chief executive officer, CYA Technologies, Inc. CYA went to market with CYA HOTBackup, the foundation of its CYA Command Console(TM) suite, in 1999. The revolutionary disaster recovery product was designed to intelligently backup and restore critical links and relationships that power business processes within content management systems. Today, the suite consists of over a dozen robust software applications that have put CYA at the forefront of the business continuity space. About CYA Technologies, Inc CYA is the leading provider of business continuity and security software solutions designed to protect and recover critical business processes and information in the event of interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's. 2. Interruption of the use of a thing is natural or civil. . CYA's products are flexible and configurable, employing a building block approach that provides backup, recovery, archiving, migration and security of dynamic content and complex relationships within enterprise applications. CYA was the first to market with an application-aware business continuity software suite that leverages their patent-pending kernel The nucleus of an operating system. It is the closest part to the machine level and may activate the hardware directly or interface to another software layer that drives the hardware. technology, CYA HOTBackup. Fortune 2000 companies in every industry utilize CYA's products to protect their mission-critical information. CYA is privately held and headquartered in Trumbull, Connecticut Trumbull is a town in Fairfield County, Connecticut, United States. The population was 34,243 at the 2000 census. History The English settled Stratford, Connecticut in 1639 and extended their land claims inland to include the northern parts of present-day Trumbull in with offices around the world. For more information, visit www.cya.com. About Rovia Founded in 1999, Rovia is credited with creating robust solutions for safely disseminating dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. information, most notably in the publishing industry. The company's technology was featured in publications such as: CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Magazine, Entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. .com Magazine, FUTUREDEX, and the Boston Business Journal. |
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