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Informatica Announces Public Takeover Offer For All Outstanding Shares Of Heiler Software AG

Stocks in this article: INFA

REDWOOD CITY, Calif., Oct. 1, 2012 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq: INFA), the world's number one independent leader in data integration software, today announced its decision to make, through its indirect wholly-owned subsidiary Informatica Deutschland AG, a voluntary public takeover offer in accordance with German laws to acquire all outstanding shares of German-listed Heiler Software AG (WKN 542 990). The consideration to be offered to all shareholders of Heiler Software will be EUR 7.04 per share in cash, or approximately EUR 80.8 million for the total number of outstanding shares (excluding treasury shares).

"The combination of Informatica's proven multi-domain MDM platform and Heiler Software's best-in-class PIM solution would deliver unique value to our customers," said Sohaib Abbasi, chairman and CEO, Informatica. "Hundreds of customers rely on Informatica's multi-domain MDM platform to manage master data, including cross-domain relationships, and synchronize accurate master data across operational and analytic systems. Customers around the world rely on Heiler Software's PIM solution to manage the entire product data lifecycle for multi-channel commerce. The combination would deliver unique value to analyze relationships between products, customers, vendors and locations to optimize multi-channel commerce. With social computing and mobile computing transforming commerce, we are uniquely positioned to capture this growth opportunity together."

Rolf J. Heiler, CEO, Heiler Software, said: "Informatica is a global leader in data integration software. A closer collaboration with Informatica provides many advantages for our customers, employees and partners. Our customers in the retail, manufacturing and distribution industries will be able to enhance revenue and profitability by refining their product portfolios, vendor mix and promotional offers across multiple channels."

Informatica Multi-domain MDM and Heiler Software Multi-channel PIM to Deliver Unique Value

The combination of Informatica's multi-domain master data management platform with Heiler Software's multi-channel product information management solution would:

  • Expand Informatica's MDM business, advance Informatica's leadership in MDM and extend Heiler Software's leadership in PIM.
  • Empower customers to optimize multi-channel commerce, including emerging growth opportunities through social and mobile commerce.

Heiler Software has extensive expertise in PIM with leading customers in a variety of industries. Together, customers would gain advanced and differentiated capabilities including:

  • An authoritative view of products, customers, manufacturers and suppliers, as well as the relationships between them.
  • Faster new product introduction, with less manual effort, and more accurate, trustworthy data.
  • Automated on-boarding of supplier data to expand the portfolio of products in e‑commerce channels, also known as "endless aisle."
  • The exchange of data with trading partners.
  • The interchange of data with on-premise and cloud-based enterprise resource planning (ERP), Customer Relationship Management (CRM) and analytical applications.

Additional Takeover Offer Details

The takeover offer will be supported by a majority of the shareholders of Heiler Software, who have entered into irrevocable agreements to tender their shares into the takeover offer. These shareholders include Rolf J. Heiler, founder, CEO and main shareholder of Heiler Software, and members of his family - who together hold approximately 30 percent of all outstanding Heiler Software shares - as well as all members of Heiler Software management and other key shareholders. The shares to be tendered into the takeover offer pursuant to the irrevocable agreements represent approximately 71.6 percent of all outstanding shares of Heiler Software (excluding treasury shares).

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