Acquisition broadens Informatica's enterprise data integration capabilities with mainframe connectivity and change data capture technology
Redwood City, CA — October 6, 2003 — Business intelligence specialist Informatica has completed the $62 million acquisition of privately held Striva Corporation, a provider of mainframe data integration solutions.
Informatica said that the acquisition would extend its own enterprise data integration and business intelligence offering with Striva's mainframe technology for high-speed bulk data movement and solution for real-time change data capture in legacy and non-legacy environments.
According to recent research by technology consultancy Giga, the acquisition of Striva continues Informatica's march to offer a range of data integration and business intelligence solutions.
Giga noted that Informatica's recently extended OEM arrangement with data cleansing vendor Firstlogic and its announcement of a new enterprise-scope metadata management product, SuperGlue, combined with this acquisition of mainframe integration, all move Informatica in a positive direction.
Informatica acquired all of the capital stock of Striva in a cash and stock transaction valued at approximately $62 million.