Informatica to buy identity resolution software maker for $85 million

By Jeff Kelly, News Editor 18 Apr 2008 | SearchDataManagement.com

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Informatica Corp. has agreed to buy Identity Systems Inc., a Nokia Corp. subsidiary specializing in identity resolution software, for $85 million.

Identity Systems' technology will allow Informatica customers to search multiple types of data in real time to match and resolve identity discrepancies, the company said in a statement.

"The combination of Identity Systems and Informatica will offer the most advanced data quality products," said Sohaib Abbasi, Informatica's chairman and CEO.

The announcement came as Informatica released its first-quarter earnings. The Redwood City, Calif.-based data integration vendor reported revenues of $103.7 million, up 19% from the same period last year. Informatica shares were up 2.41%, to $16.56, as of 10 a.m. EST today.

More on customer data management Learn how to overcome the challenge of establishing customer identity   Find out how one CDI tool's fuzzy search helped clear up call center confusion

With headquarters in Old Greenwich, Conn., Identity Systems was acquired by Nokia in 2006 and has more than 500 customers, including GE Capital, British Telecom and AT&T.

The all-cash deal is expected to close at the end of May 2008.

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