Informatica Corporation, a provider of data integration software, announced that it has signed a definitive agreement to acquire Applimation, a leader in application information lifecycle management (ILM). The acquisition is expected to close within days, according to Informatica, which will acquire all the capital stock of Applimation in a cash transaction valued at approximately $40 million.
"Our acquisition of Applimation expands our addressable market to encompass an adjacent growth category-application information lifecycle management," says Sohaib Abbasi, chairman and chief executive officer, Informatica, in a statement released by the company. "The combination of Informatica and Applimation further advances our technology leadership in data integration. Together, we will offer customers a platform to access, integrate and trust all their active and archived data, while reducing total-cost-of-ownership."
According to Informatica, Applimation offers a broad product portfolio for customers to cost-effectively manage the data lifecycle, and incorporates application-aware metadata for packaged applications from Oracle and SAP. This out-of-the-box support covers more than a hundred modules of Oracle, PeopleSoft and Siebel applications. It also covers SAP modules including ERP, HR, CRM, SRM, SCM and APO. Applimation even supports custom applications developed using most major RDBMS and legacy mainframe systems.
More than 290 customers globally including, Aetna Life Insurance Company, AT&T Mobility, Blue Cross and Blue Shield of Florida, Getty Images, The Hudson's Bay Company, IKON Office Solutions and Starbucks use Applimation solutions. For more information, go to the Informatica website.