Palo Alto, Calif., Dec. 15, 1999 - Informatica Corp., the company whose software provides the infrastructure powering some of the world's most advanced business intelligence systems, announced the acquisition of Influence Software, a leading provider of analytic applications for the e-business value chain. The combination of the two companies' products will enable Informatica to deliver the industry's first analytic solution optimized to address the multichannel requirements of industrial-strength "B2B" e-businesses. Informatica is acquiring Influence Software for roughly $80 million in a stock transaction. The transaction will be treated as a pooling of interests.
The acquisition marks a realization of Informatica's vision to become the leading provider of packaged analytic applications for B2B e-business. According to analysts at Forrester Research, the overall e-business market is expected to grow to $1.3 trillion in 2003, with $1.1 trillion spent on B2B solutions as big businesses embrace e-business. Informatica's new analytic applications will address a critical need -- helping large, multichannel corporations gain insight into the performance of their complete e-business value chains including the productivity, efficiency and quality of their buying and selling relationships with customers, suppliers, marketplaces and trading partners.
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