- Data integration spending is holding up despite the recession
- ERP systems integration has been hit by a slowdown
- But Cloud to on-premise integration is a new growth area
- Informatica is keen to hang on to its vendor neutrality
“Five years ago, recognising the promising value of information asset marked within IT systems, we articulated our vision of data integration within the enterprise and beyond the enterprise,” says Sohaib Abbasi, CEO of Informatica. “To realise this value, data must be integrated in on-premise applications as well as off-premise sources, managed by outsourcing service providers such as business processing outsourcing and Cloud Computing vendors.”
Five years on, Abbasi reckons that this vision is enabling Informatica to maintain an upbeat outlook despite the current economic downturn “As observed by some economists, the impact of the economic recession now varies by geographic regions. Across all major geographic regions, the prevailing macro-economic outlook continues to shape the primary business strategies of our customers,” he says, adding: “We believe in certain segments over the last several quarters, customers have been reluctant to make commitments for projects that were multi-quarter in duration and now, once again, they are preparing for the economic recovery. And that [has been] reflected in significantly larger number of million dollar deals.”
