With Corporate America awash in data, things have been nice for Informatica Corporation (Nasdaq: INFA), which is a data integration software company. The customer base is solid and relatively stable.
In fact, the company recently posted its Q1 results, with profits up 23% to $11.2 million or $0.12 per share. Revenues increased 19% to $103.7 million and license revenues came to $44.2 million.
But, to maintain its competitive strength, Informatica needs to expand its product edge. To this end, the company agreed to purchase Identity Systems, which is a division of Nokia Corporation (NYSE: NOK).
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