Search Engine Data Solution Firm, Identity Systems, Acquired by Informatica
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Redwood City, California - (Cheap Web Hosting Directory) - May 23, 2008 - Informatica enterprise data integration software and services firm, has extended its data quality with the acquisition of identity resolution technology provider, Identity Systems.
Identity resolution is designed to enable customers to perform real-time searches for specific entities across very large data volumes. Identity Systems develops software that significantly enhances an organization’s ability to resolve identity data accurately and quickly, regardless of language, structure, format, location, duplication, omissions or errors in the data.
Ivan Chong, General Manager of Informatica’s Data Quality Business Unit noted, ”Together, Identity Systems and Informatica will provide a new generation of innovative technology to meet the demands of organizations in today’s global information economy. More so than ever before, corporations and governments need identity resolution integrated with data quality initiatives across their enterprises.”
Building on its success in the data integration market, Informatica has established a solid leadership position in the data quality market via an aggressive growth strategy. The acquisition of Identity Systems further advances the company’s leadership in enterprise data quality by extending its products with innovative and differentiated technology.
Over 500 customers worldwide utilize Identity Systems products, including leaders in public sector, financial services, law enforcement and homeland security, healthcare and telecommunications. Specific ways in which these organizations take advantage of identity resolution include:
- Governance, Risk and Compliance (GRC): Managing risk and maintaining regulatory compliance by identifying and cross-checking internal records against identity data from outside sources, with the added benefit of offering improved business process and confidence.
- Fraud and Anti-Money Laundering (AML): Supporting financial institutions to combat identity fraud. Leveraging name matching of non-obvious patterns and correlations in order to break down attempts to mask identity.
- Law Enforcement: Enabling global, national and local agencies to screen for suspicious individuals in the fight against criminal or terrorist activity.
- Healthcare: Preventing false identification and also discovering duplication when working with pharmaceutical, disease and/or patient record databases.
- Media: Imposing copyright compliance and recovering royalties for composers and songwriters after accurately matching song files from infringing companies.
- Information Providers: Evaluating individual and group credit worthiness and risk. Matching millions of permutations in identity data against external data repositories.
Government intelligence agencies around the world rely on Identity Systems’ accuracy and precision to meet their stringent requirements. A leading data service bureau benefits from Identity Systems high-performance scalability for processing 12 million transactions per day using 2.6 billion records stored in 18,000 files. Finally, Hewlett Packard selected Identity Systems to utilize the comprehensive cross-language support for customer identity data required by their operations in 178 countries.
Informatica Corporation is a provider of enterprise data integration software and services. Informatica’s goal is to provide organizations with greater business value by integrating all their information assets from across the enterprise. More than 2,790 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of any complexity and scale. The company provides services in the following areas: Equity Research, Institutional Sales and Trading, Merger and Acquisition Advisory, Public Company Financing, Private Company Financing, and Corporate Services.
To learn more about Informatica Corporation, please visit: www.informatica.com.
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