Informatica to Acquire Striva
Cash-and-stock deal valued at about $62 million.Data integration and business intelligence software developer Informatica Corp. announced today its intent to acquire Striva Corp., which provides mainframe integration software. Informatica, of Redwood City, Calif., has had an OEM relationship with Striva, of Scotts Valley, Calif., for the past two years. Informaticas PowerConnect suite of software includes Strivas mainframe software for high-speed bulk data movement and real-time change capture. Under the terms of the agreement, Informatica will acquire Striva in a cash-and-stock deal valued at about $62 million.
The acquisition has already been approved by both companies board of directors, and subject to regulatory approval, Informatica expects the deal to close in the latter half of 2004.