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Informatica Goes Mainframe With Striva
In one of the larger deals in an increasingly active business intelligence (BI) market, Informatica (INFA) -- vendor of data integration and BI software -- will acquire privately-held mainframe data integration software specialist Striva Corporation for $62 million.
By way of rationale, Informatica points to a recent Fortune study concluding that 90% of the Fortune 1000 still rely on mainframes to store mission critical data.
Striva recently broadened its reach by buying BMC Software’s EDP product suite, which allows for real-time propagation of complex enterprise data among disparate legacy platforms and applications. Informatica had been one of Striva's bigger clients, selling Striva applications into its client base through an OEM relationship.
Some of Striva’s customers include AAA, AEGON, Alcatel, American Express, BlueCross/BlueShield, Boeing Company, Chase Manhattan, Internal Revenue Service, Lockheed Martin, Nortel Networks, Petroleo Brasiliero and the US Department of Defense.
Informatica reports 2003 revenues of $195 million and a current market capitalization of $698 million. The company has about 1,800 customers worldwide.
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