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Informatica acquires Siperian |
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Independent data integration software company Informatica Corporation has announced that it has completed the acquisition of Siperian, a provider of Master Data Management (MDM) infrastructure technology. MDM, Informatica said, allows for a holistic, single view of foundational business entities, commonly called master data such as customers, employees, citizens, locations and products. Informatica will acquire Siperian, on a fully diluted basis, for approximately $130 million in cash.  “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 CEO, Informatica. “The combination of Siperian products and the comprehensive Informatica Platform will deliver even more differentiated value to customers such as use of Informatica B2B Data Exchange to share master data across the supply chain partner network,” Informatica said in a statement. Siperian has over 60 customers worldwide. For MDM projects, customers can choose from infrastructure and application products ranging in approach from model-your-own to near turn-key packaged solutions. Siperian and Informatica have products in the MDM Infrastructure category that complement and enable MDM applications, In its statement, Informatica quoted a October 2009 report by Forrester Research as saying that 49% of organizations were planning to implement or expand their use of MDM software in 2009. Successful MDM projects facilitate better operational efficiency, higher customer loyalty and successful compliance efforts. |
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