Through a deal by its German subsidiary, Informatica Deutschland AG, the Heiler board is weighing the purchase of all outstanding shares for 80.8 million Euros, or approximately $104.2 million U.S.
Informatica stated in a release on the proposed deal that its multidomain MDM offerings would be combined with Heiler’s multichannel product information management solution with the aim of opening more emergence in the social and mobile commerce areas. Informatica CEO and Chairman Sohaib Abbasi stated that the combined offerings would seek to dig into connections between enterprise data on “products, customers, vendors and locations.”
The voluntary takeover offer is contingent on approval by shareholders consisting of approximately 71.6 percent of all outstanding shares, excluding treasury shares, according to a release from Informatica. Heiler CEO Rolf J. Heiler and his family are the main shareholders, holding 30 percent of outstanding shares, and they along with other Heiler management have already entered into agreements on the share buyout, according to a release from Informatica.
This year Ventana Research put Informatica at the top of its annual data integration vendor rankings, with help from a new social media release and Hadoop connectivity over the last year. However, Informatica has been relatively quiet on the M&A front, with its last big deal coming in the January 2010 buy of MDM provider Siperian.