REDWOOD CITY, Calif., June 11, 2009 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq:INFA), the leading independent provider of data integration software and services, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the 2009 Magic Quadrant for Data Quality Tools report.
Ted Friedman and Andreas Bitterer, authors of the report state, "Leaders in the market demonstrate strength across a complete range of data quality functionality, including profiling, parsing, standardization, matching, validation and enrichment. They exhibit a clear understanding and vision of where the market is headed, including recognition of noncustomer data quality issues and the delivery of enterprise-level data quality implementations. Leaders have an established market presence, significant size and a multinational presence (directly or as a result of a parent company)."
According to the report, "The market for data quality tools continues to enjoy significant growth despite challenging economic conditions and the general curtailment of IT budgets. Organizations are aware that data quality competence is fundamental to the success of critical initiatives such as master data management (MDM), information governance, business intelligence (BI) and IT modernization. This awareness has increased the demand for insight about best practices, organizational structures and technology to support the data quality discipline." The complete report, including the quadrant graphic, is available on the Informatica web site at http://www.informatica.com/dq_mq/.
"Informatica continues to pursue an aggressive roadmap which we believe is why we have established ourselves as a leader in the Gartner Magic Quadrant," said Ivan Chong, general manager, Data Quality, Informatica. "We have an unwavering commitment to data quality excellence, as evidenced by our market share gains in this fast growing market and the high number of customers who have made us their organizational standard. Our strategic direction and vision allow us to continue to innovate for our customers, allowing them to gain operational efficiencies across their enterprise."
In the last year, Informatica has successfully integrated and further developed identity resolution technology from its 2008 Identity Systems acquisition and added additional functionality to its market leading Data Explorer and Data Quality products. As an integral part of the Informatica Data Integration Platform, Informatica Data Quality leverages the platform's ability to develop and deliver data services to support enterprise-wide data quality initiatives. The result of these initiatives is high-quality trusted data.
Informatica's Data Quality business has grown over the past three years, beating industry trends. The company continues to cross sell its Data Quality portfolio into its existing customer base as it broadens its presence in supporting all stages of the data integration lifecycle.
The Data Quality portfolio continues to add features and functionality in alignment with Informatica's strategic roadmap to proactively provide the business and IT with collaborative technology to manage an organization's customer, product, financial, supply chain and master data. Managing data quality as an enterprise-wide initiative allows organizations to engage holistically in governance, risk management, compliance, national and local security, fraud detection and identity theft issues reducing project risk and instances of failure.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Informatica
Informatica Corporation (Nasdaq:INFA) is a leading provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating their information assets from 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 9871 in the U.S.), or visit www.informatica.com.
Note: Informatica and Informatica Data Quality are trademarks or 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.