Informatica steps closer to zero lag data delivery

29West, along with its "ultra-low latency messaging" technology has been scooped up by Informatica.

According to Informatica its acquisition of 29West’s tech will allow it to provide the industry’s first zero-latency data integration platform that it said will address the “entire range” of data delivery requirements.  Girish Pancha, Executive VP, Data Integration Product Division, Informatica, explained, “The addition of 29West’s technology further strengthens our business in financial services, and expands our addressable market with another adjacent category – ULLM. Our customers will benefit from a single data integration platform that addresses the entire range of data delivery needs including batch, near real-time and instant data delivery.”  Informatica said that more than 100 financial services firms use 29West for business operations.

“The combination of 29West’ ULLM technology and the Informatica Platform position us uniquely to deliver zero-latency data integration to address our customers’ top business imperatives,” said Mark Mahowald, CEO, 29West. “Our existing financial services customers will benefit from having a single unified platform to address enterprise-wide initiatives that span the front, middle and back offices. And we will now be able to bring zero-latency data integration to industries outside financial services, such as telecommunications and government, which also have a need for end-to-end data delivery on an instantaneous basis.”

Following the recent acquisition of MDM platform firm Siperian, Informatica announced “significant” support among its strategic alliance partners.