Informatica Corporation News
Informatica to Acquire Identity Systems
Informatica will acquire all of the capital stock of Identity Systems for approximately
"The combination of Identity Systems and Informatica will offer the most advanced data quality products," said
Identity Resolution Pioneer
Identity resolution is a key enabling technology for a broad range of IT initiatives including data governance, master data management, customer data integration, customer relationship management, government intelligence, law enforcement and financial applications such as anti-money laundering.
Globalization and e-commerce are leading to greater diversity of identity information in IT systems that requires cross-language capabilities. In addition, exploding data volumes dictate far greater scalability than the traditional matching technologies.
Identity Systems, the identity resolution category leader, delivers the most comprehensive set of "fuzzy" algorithms, with built-in support for more than 60 languages, to enable precise identity search and matching, across immense volumes of data, in real-time.
"We are excited and confident that our innovative solutions, strong partner ecosystem and global customer base will advance Informatica's leadership in the data quality market. We look forward to becoming a part of the leading independent data integration software company," said
Improving Operational Efficiency
Today, most IT organizations hand-code their IT projects dealing with identity data. It is estimated that organizations annually spend more than
In fact, Identity Systems delivers proven and differentiated value to customers and partners: accuracy, high-performance scalability and cross- language support.
Government intelligence agencies around the world rely on Identity Systems' accuracy and precision to meet their stringent requirements. A leading data service bureau benefits from Identity Systems high-performance scalability for processing 12 million transactions per day using 2.6 billion records stored in 18,000 files. Finally, Hewlett Packard selected Identity Systems to utilize the comprehensive cross-language support for customer identity data required by their operations in 178 countries.
Customer and Partner Traction
More than 500 customers worldwide rely on Identity Systems solutions including leaders in public sector, financial services, law enforcement & homeland security, healthcare and telecommunications. These customers include U.S. Internal Revenue Service, Hong Kong Customs, GE Capital, British Telecom, AT&T, Equifax and Experian. In addition, Identity Systems' partners include Oracle/Siebel, Dun & Bradstreet and Choicepoint.
Conference Call
Informatica will be discussing the acquisition of Identity Systems as part of the first quarter 2008 earnings call beginning today at
About Informatica
Informatica Corporation (Nasdaq: INFA) is the leading independent provider of enterprise data integration software and services. With Informatica, companies can gain greater business value by integrating all their information assets from across the enterprise. More than 3,025 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, call +1 650 385 5000 (+1 800 970 1179 in the U.S.), or visit http://www.informatica.com.
This press release contains forward-looking statements regarding the expected timing of the closing of the acquisition of Identity Systems, the expected benefits to our customers and products and our ability to integrate the technology we acquire into our data integration product suite according to the timeline described above. Such statements involve risks and uncertainties, and actual results may differ materially from the results described in this press release. The potential risks and uncertainties that could cause actual results to differ include, among others, risks related to our ability to (1) successfully integrate Identity Systems and its employees into Informatica and achieve expected synergies, (2) compete successfully in this highly competitive and rapidly changing marketplace, (3) retain key employees and (4) other factors affecting the operation of the respective businesses, as well as those risks and uncertainties included under the caption "Risk Factors" in Informatica's report on Form 10-Q for the year ended
Note: Informatica is a registered trademark of Informatica Corporation in
SOURCE Informatica Corporation
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