Informatica Corporation, a leading provider of data integration software, announced its intent to acquire Itemfield, an innovative vendor delivering data transformation technology that enables near-universal access to unstructured and semi-structured data. Over the last year, as an OEM partner, Informatica embedded core Itemfield technology as an option to the flagship data integration platform, PowerCenter. Joint customers have successfully utilized the unified platform to access and integrate unstructured and semi-structured data in both batch and real-time applications.
Informatica will acquire all of the capital stock of privately held Itemfield in a cash transaction valued at approximately $55 million. The acquisition will be accounted for under the purchase method of accounting. The acquisition has been approved by the board of directors of each company and is subject to regulatory approvals and customary closing conditions.
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