Informatica Corp. (NASDAQ:INFA) is addressing the crucial issue of data access by packaging its data integration software as Informatica Data Migration Suite, with an eye toward providing a solution for companies involved in mergers and acquisitions, consolidation, and outsourcing.
With the shifting landscape of business today, as well as such innovations as service-oriented architecture [SOA], reliable data access is more important than ever to provide the organizational flexibility necessary to respond to internal demands and external pressures.
Despite this, most Global 2000 companies report that their data migration has come in late or over budget. According to a study by Bloor Research, commissioned by Informatica, some 84 percent of projects fell short of expectations and resulted in cost overruns averaging 30 percent. This can have a serious impact on an area expected to see budgets exceeding $8 billion in the next few years.
Informatica says its new suite, which provides an independent software platform designed for data migration, will include the company's PowerExhange, PowerCenter, Data Explorer, and Data Quality. The company says the new offering is designed to ensure the success of data migration projects.
One company has already jumped on the new platform, with the announcement that Wipro Technologie (NYSE:WIT) will use it to provide data migration to its customers worldwide. The Informatica offering will underpin Wipro's Data Migration Shared Services.
Wipro, which provides integrated business, technology, and process solutions on a global basis, will use the Data Migration Suite to automate and streamline the process. This includes creating all data mappings required to migrate data from and to any system, discovering data quality issues at their source, and cleansing and converting the data as part of the overall migration.
The primary targets for the offering will be data migrations in support of new applications including ERP / implementations and upgrades, legacy system modernization, application instance consolidation, mergers and acquisitions, and outsourcing.