Redwood City, Calif., May 20, 2013 (GLOBE NEWSWIRE) -- Informatica Corporation (NASDAQ: INFA), the world's number one independent provider of data integration software, today announced Federated Co-operatives Limited (FCL), the largest non-financial co-operative in Canada, will use Informatica's PowerCenter, PowerExchange and B2B Data Transformation to manage its data.
Informatica will support FCL's Foundation for Analytics program, a multi-year initiative to ensure the accurate and consistent use of information as it flows into the enterprise and is used across all applications and processes. With big data flowing from multiple sources, FCL needs to transform the data into meaningful information for business analytics.
"Our Foundation for Analytics program will allow FCL to manage data as an asset and grow the value of that asset," said Faramarz Farahani, vice president of Information Technology for FCL. "Working with Informatica, we will be able to improve decision making and business development initiatives through effective management of trusted, easily accessible information. Our goal is to modernize legacy applications and support new enterprise applications."
The Informatica platform will replace hand-coded data integration interfaces; transform and migrate supply chain, sales, finance, member, and other business data from a legacy mainframe platform; bi-directionally synchronize data between the new and legacy environments; and integrate complex binary mainframe files in days instead of weeks.
"Business transformation projects typically hinge on being able to more efficiently access, integrate and deliver data throughout the enterprise," said Todd Goldman, vice president and general manager of Enterprise Data Integration for Informatica. "Informatica empowers enterprises to make optimal use of their data, regardless of source, complexity, volume or velocity."
Organizations like FCL are able to leverage a single data integration approach, resulting in:
· Higher value data - Easy access to complete, timely and relevant data will enable faster and more effective business decisions and improved operational performance.
· Lower cost of data - Integration routines that once took months and considerable expense to write manually can now be created in a matter of days or hours.
· Rapid time-to-value - As operations expand and evolve, new data sources can be quickly added to its analytic environment and new data types can be easily accommodated to create new business value.
When launched later this year, the Informatica platform will serve as the unifying data integration and movement engine for FCL's new systems environment, which includes an enterprise data warehouse and analytics data warehouse. These systems will support a variety of front-end applications and business intelligence tools that will be used by hundreds of employees.
About Informatica
Informatica Corporation is the world's leading independent provider of data integration software. Organizations around the world rely on Informatica for maximizing return on data to drive their top business imperatives. Over 5,000 enterprises worldwide depend on Informatica to fully leverage their information assets residing on-premise, in the cloud and across social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at http://www.facebook.com/InformaticaCorporation, http://www.linkedin.com/company/informatica and http://twitter.com/InformaticaCorp.
About Federated Co-operatives Limited
Federated Co-operatives Limited is a unique multi-billion dollar wholesaling, manufacturing, procurement and refining co-operative owned by 235 autonomous retail co-operatives across Western Canada. Together we form the Co-operative Retailing System, the largest non-financial co-operative in Canada. We are here to serve our members and our communities with products and services that help build, feed and fuel individuals and communities from Vancouver Island to northwestern Ontario. Our total workforce of 20,000 employees serve 1.5 million active individual members and many more non-member customers at 2500 retail locations in more than 500 communities. We are a different kind of business - we are locally invested, community-minded and offer lifetime membership benefits including patronage refunds, quality products, quality service and fair prices. Being member owned means that any profits are returned to our members and stay in the local economy.
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Note: Informatica, Informatica PowerCenter, Informatica PowerExchange and Informatica B2B Data Transformation 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.