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The article reports on software called governance, risk management, and compliance (GRC). The software has been growing fast compared to other technology innovations as seen in the businesses in Germany, Japan and the United States, all of which are said to be spending billions on GRC-related technologies and services. Access Control and Process Control applications have been added as forms of protection against risks such as fraud and money-laundering. GRC's economic implication is also given.

Presents updates on the acquisition activities of software company Microsoft Corp. as of June 2004. Disclosure of the merger negotiations between software makers Microsoft Corp. of the U.S. and SAP AG of Germany; Companies that make business applications for small and midsize companies acquired by Microsoft in 2001 and 2002; Reason for the interest of Microsoft in small acquisitions.