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29 Jan 2010
Data integration software firm Informatica today moved a step closer to expanding its footprint in the master data management (MDM) market by completing the acquisition of MDM vendor Siperian.
The $130m (£81m) deal will see Informatica move into a burgeoning area. A recent Forrester report found that roughly half of all companies were looking to implement or expand their use of MDM software in 2009.
Informatica believes that organisations are beginning to appreciate the business benefits of implementing MDM software, such as operational efficiency, higher customer loyalty and successful compliance efforts.
"Our acquisition of Siperian will expand Informatica's addressable market with an additional high-growth, adjacent technology category, MDM infrastructure, and will further strengthen our key strategic partnerships," said Sohaib Abbasi, chairman and chief executive of Informatica.
"Informatica data integration and data quality have a proven track record of enabling successful MDM projects. Together, we will advance Informatica as a leader in this exciting MDM infrastructure category."
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