IBM to Acquire Informatica
Posted: Mon Mar 31, 2008 5:21 pm
From AFP *
ARMONK, N.Y. - April 1st, 2008
IBM (NYSE: IBM) and Informatica (NYSE: INFA) today announced that the two companies had entered into a definitive agreement for IBM to acquire the equity of Informatica Corporation, a publicly-held company based in Redwood City, California, in an all-cash transaction at a price of approximately $1.1 billion or $17.50 per share. The acquisition is subject to Informatica shareholder and regulatory approvals and other customary closing conditions, and is expected to close in the third quarter of 2008.
Informatica Corporation delivers data integration and data quality software and services that help organizations gain optimum value from their information assets. Informaticaç—´ open, platform-neutral software accesses data of virtually all types and makes it accessible, meaningful, and usable to the people and processes that need it. With products that encourage collaboration across the enterprise, Informatica reduces costs, speeds time to results, and scales to handle data integration projects of any size or complexity.
The acquisition complements and strengthens IBM's fast-growing information integration business, a key part of the company's information management efforts and unit that has produced at least double-digit growth over the past five years. Informatica also grew rapidly in 2007, with a reported 21 percent total revenue increase to $391.3 million.
"Information integration is an important enabler of on demand business strategy and customers are increasing their investments in software that allows them to rapidly analyze, consolidate and extract value from their business data," said Steve Mills, senior vice-president and group executive, IBM Software Group. "The acquisition of Informatica Corporation expands IBM's open information integration platform and strengthens our ability to help customers create and environment that delivers the data they need, in the right form, to the right location, and at the right time. That's the mark of an on demand business."
The acquisition announced today addresses a key customer challenge -- applying technology to respond much more quickly to changing market conditions. For example, 18 of the top 23 telecommunications companies, 44 of the top 60 financial services companies, 9 of the top 11 health care companies, 25 of the top 34 energy and utilities companies and 18 of the top 22 insurance companies use Informatica software to gather, standardize and structure sales information from multiple channels (for example, Internet, catalogs, storefronts), providing a single view of vendors and customers from disparate systems, and make rapid inventory and pricing adjustments in response to changing market demands. Enabling customers to react and respond with speed to rapidly emerging business opportunities is an example of IBM's on demand business strategy.
IBM is acquiring Informatica to extend the industry's broadest and deepest offering for standards-based business integration across heterogeneous environments. The acquisition, combined with IBM's middleware portfolio, strengthens IBM's leadership in key on demand initiatives such as business intelligence, business performance management, business transformation, multi-channel commerce, RFID, merger and acquisition consolidation, master data management and regulatory compliance.
The Informatica technology also furthers IBM's commitment to open computing through its ability to support both IBM and non-IBM data sources, including those of Oracle, Microsoft and SAP.
* April Fool's Press
ARMONK, N.Y. - April 1st, 2008
IBM (NYSE: IBM) and Informatica (NYSE: INFA) today announced that the two companies had entered into a definitive agreement for IBM to acquire the equity of Informatica Corporation, a publicly-held company based in Redwood City, California, in an all-cash transaction at a price of approximately $1.1 billion or $17.50 per share. The acquisition is subject to Informatica shareholder and regulatory approvals and other customary closing conditions, and is expected to close in the third quarter of 2008.
Informatica Corporation delivers data integration and data quality software and services that help organizations gain optimum value from their information assets. Informaticaç—´ open, platform-neutral software accesses data of virtually all types and makes it accessible, meaningful, and usable to the people and processes that need it. With products that encourage collaboration across the enterprise, Informatica reduces costs, speeds time to results, and scales to handle data integration projects of any size or complexity.
The acquisition complements and strengthens IBM's fast-growing information integration business, a key part of the company's information management efforts and unit that has produced at least double-digit growth over the past five years. Informatica also grew rapidly in 2007, with a reported 21 percent total revenue increase to $391.3 million.
"Information integration is an important enabler of on demand business strategy and customers are increasing their investments in software that allows them to rapidly analyze, consolidate and extract value from their business data," said Steve Mills, senior vice-president and group executive, IBM Software Group. "The acquisition of Informatica Corporation expands IBM's open information integration platform and strengthens our ability to help customers create and environment that delivers the data they need, in the right form, to the right location, and at the right time. That's the mark of an on demand business."
The acquisition announced today addresses a key customer challenge -- applying technology to respond much more quickly to changing market conditions. For example, 18 of the top 23 telecommunications companies, 44 of the top 60 financial services companies, 9 of the top 11 health care companies, 25 of the top 34 energy and utilities companies and 18 of the top 22 insurance companies use Informatica software to gather, standardize and structure sales information from multiple channels (for example, Internet, catalogs, storefronts), providing a single view of vendors and customers from disparate systems, and make rapid inventory and pricing adjustments in response to changing market demands. Enabling customers to react and respond with speed to rapidly emerging business opportunities is an example of IBM's on demand business strategy.
IBM is acquiring Informatica to extend the industry's broadest and deepest offering for standards-based business integration across heterogeneous environments. The acquisition, combined with IBM's middleware portfolio, strengthens IBM's leadership in key on demand initiatives such as business intelligence, business performance management, business transformation, multi-channel commerce, RFID, merger and acquisition consolidation, master data management and regulatory compliance.
The Informatica technology also furthers IBM's commitment to open computing through its ability to support both IBM and non-IBM data sources, including those of Oracle, Microsoft and SAP.
* April Fool's Press
until I read the fine print 
you are simply genius in everything!!... :D
, I almost fell for it.....