Informatica Corporation, a leading provider of data integration software, today announced it has acquired Dublin, Ireland-based Similarity Systems, the leading provider of business-focused data quality solutions. Further extending its market-leading solution for enterprise data integration, Informatica will incorporate Similarity Systems' patented technology for data quality - including capabilities for data profiling, standardization, cleansing, matching and monitoring - into its PowerCenter data integration product suite.
Informatica is acquiring all of the capital stock of privately held Similarity Systems in a cash transaction valued at approximately $55 million, with the acquisition being accounted for under the purchase method of accounting. The acquisition has been approved by the board of directors of each company and will close today. Informatica expects the acquisition to be dilutive in the first half of 2006 and to be accretive to non-GAAP earnings before amortization of intangibles and stock-based compensation beginning in the fourth quarter of 2006.
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