Informatica Acquires Mainframe Data Specialist Striva

Acquisition broadens Informatica's enterprise data integration capabilities with mainframe connectivity and change data capture technology

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.