FileNet to buy compliance provider

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FileNet Corp. of Costa Mesa, Calif., will buy Yaletown Technology Group Inc. in an all-cash transaction valued at about $11 million.

FileNet Corp. of Costa Mesa, Calif., will buy Yaletown Technology Group Inc. in an all-cash transaction valued at about $11 million.

Records crawler software from Yaletown of Vancouver, British Columbia, works with FileNet's records management suite to filter records that meet defined rules.

FileNet and Yaletown Technology Group have been marketing an integrated e-mail management offering.

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