Advances Data Quality Offering by Adding Premier Global Address Validation
Capabilities Covering More Than 200 Countries and Territories
REDWOOD CITY, Calif., June 2, 2009 (GLOBE NEWSWIRE) -- Informatica Corporation
(Nasdaq:INFA), the leading independent provider of data integration software
and services, today announced the acquisition of AddressDoctor, a pioneer and
leader in global address validation technology. AddressDoctor offers technology
to perform global address validation for more than 200 countries and
territories. These capabilities include support for multiple levels of
addressing such as street level, delivery point validation and geocoding.
Informatica's market leading Data Quality solution enables customers to trust
their data and the acquisition of AddressDoctor extends Informatica's
leadership in the Data Quality Tools Market. With the acquisition, Informatica
again demonstrates the company's commitment to providing customers with the
most advanced data quality products. By adding best-in-class global address
validation, Informatica customers are ensured that this critical component is
deeply integrated as part of a comprehensive data quality product offering.
"Global address validation is a critical element of data quality and
AddressDoctor is recognized as providing leading technology in the global
address validation market," said Ivan Chong, senior vice president and general
manger, Data Quality, Informatica. "The combination of Informatica and
AddressDoctor further advances our technology leadership in data quality by
adding the preeminent address validation technology natively to our platform.
The addition of AddressDoctor will enable Informatica to empower customers with
the necessary performance and flexibility to increase the benefits of global
address validation within their data quality initiatives."
Leading customers worldwide, including Kempinski Hotels and Aramex, rely on
AddressDoctor for global address validation. AddressDoctor partners with
prominent companies such as: IBM, DataFlux, Experian QAS, Melissa Data and
Siperian, as noted on the AddressDoctor website. Informatica remains committed
to providing these partners with the critical global address validation
technology that each partner has come to rely upon.
"Too many businesses today are compromised because of inaccurate data,
especially outdated or inaccurate addresses related to their customers," said
Sven Schreiber, managing director, AddressDoctor. "AddressDoctor spends 100
percent of our time focused on global address validation. Together with
Informatica, we will enable our customers to apply global address validation
across a wider variety of applications."
About Informatica
Informatica Corporation (Nasdaq:INFA) is the leading independent provider of
enterprise data integration software and services. With Informatica,
organizations can gain greater business value by integrating their information
assets across the enterprise. More than 3,600 companies worldwide rely on
Informatica to reduce the cost and expedite the time to address data
integration needs of varying complexity and scale. For more information, call
+1 650 385 5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com.
Forward Looking Statement
This press release contains forward-looking statements regarding the
acquisition of AddressDoctor and the expected benefits to our customers and
products. Such statements involve risks and uncertainties, and actual results
may differ materially from the results described in this press release. The
potential risks and uncertainties that could cause actual results to differ
include, among others, risks related to our ability to (1) successfully
integrate AddressDoctor and its employees into Informatica and achieve expected
synergies, (2) compete successfully in this highly competitive and rapidly
changing marketplace, (3) retain key employees and (4) other factors affecting
the operation of the respective businesses, as well as those risks and
uncertainties included under the caption "Risk Factors" in Informatica's report
on Form 10-K for the year ended December 31, 2008 and Informatica's report on
Form 10-Q for the quarter ended March 31, 2009, which are on file with the SEC
and is available on the company's investor relations website at
www.informatica.com. All information provided in this release is as of June 2,
2009, and Informatica undertakes no duty to update this information.
Note: Informatica and Informatica Data Quality are registered trademarks of
Informatica Corporation in the United States and in jurisdictions throughout
the world. All other company and product names may be trade names or trademarks
of their respective owners.
CONTACT: Informatica Corporation
Corporate Communications
Debbie Walery
+1-650-385-5735
+1-650-995-6736 (mobile)
dwalery@informatica.com
Investor Relations
Stephanie Wakefield
+1-650-385-5261
swakefield@informatica.com
Informatica Acquires AddressDoctor
| Source: Informatica Corporation