Informatica Acquires Addressdoctor
- 11 June, 2009 16:03
<p>Informatica Corporation (NASDAQ: INFA), the leading independent provider of data integration software and services, today announced the acquisition of AddressDoctor, a pioneer and leader in global address validation technology. AddressDoctor offers technology to perform global address validation for more than 200 countries and territories. These capabilities include support for multiple levels of addressing such as street level, delivery point validation and geocoding.</p>
<p>Informatica’s market leading Data Quality solution enables customers to trust their data and the acquisition of AddressDoctor extends Informatica’s leadership in the Data Quality Tools Market. With the acquisition, Informatica again demonstrates the company’s commitment to providing customers with the most advanced data quality products. By adding best-in-class global address validation, Informatica customers are ensured that this critical component is deeply integrated as part of a comprehensive data quality product offering.</p>
<p>“Global address validation is a critical element of data quality and AddressDoctor is recognised as providing leading technology in the global address validation market,” said Ivan Chong, senior vice president and general manger, Data Quality, Informatica. “The combination of Informatica and AddressDoctor further advances our technology leadership in data quality by adding the preeminent address validation technology natively to our platform. The addition of AddressDoctor will enable Informatica to empower customers with the necessary performance and flexibility to increase the benefits of global address validation within their data quality initiatives.”</p>
<p>Leading customers worldwide, including Kempinski Hotels and Aramex, rely on AddressDoctor for global address validation. AddressDoctor partners with prominent companies such as: IBM, DataFlux, Experian QAS, Melissa Data and Siperian, as noted on the AddressDoctor website. Informatica remains committed to providing these partners with the critical global address validation technology that each partner has come to rely upon.</p>
<p>”Too many businesses today are compromised because of inaccurate data, especially outdated or inaccurate addresses related to their customers,” said Sven Schreiber, managing director, AddressDoctor. “AddressDoctor spends 100 percent of our time focused on global address validation. Together with Informatica, we will enable our customers to apply global address validation across a wider variety of applications.”</p>
<p>Informatica Corporation (NASDAQ: INFA) is the leading independent provider of enterprise data integration software and services. With Informatica, organisations can gain greater business value by integrating their information assets across the enterprise. More than 3,600 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, call +1 650 385 5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com.</p>
<p>Forward Looking Statement</p>
<p>This press release contains forward-looking statements regarding the acquisition of AddressDoctor and the expected benefits to our customers and products. Such statements involve risks and uncertainties, and actual results may differ materially from the results described in this press release. The potential risks and uncertainties that could cause actual results to differ include, among others, risks related to our ability to (1) successfully integrate AddressDoctor and its employees into Informatica and achieve expected synergies, (2) compete successfully in this highly competitive and rapidly changing marketplace, (3) retain key employees and (4) other factors affecting the operation of the respective businesses, as well as those risks and uncertainties included under the caption "Risk Factors" in Informatica's report on Form 10-K for the year ended December 31, 2008 and Informatica's report on Form 10-Q for the quarter ended March 31, 2009, which are on file with the SEC and is available on the company's investor relations website at www.informatica.com. All information provided in this release is as of June 2, 2009, and Informatica undertakes no duty to update this information.</p>
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