This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
REDWOOD CITY, Calif., Dec. 17, 2012 (GLOBE NEWSWIRE) -- At the end of the expiration of the additional acceptance period on December 11, 2012, Informatica Deutschland AG secured 97.58 percent of all outstanding shares of German-listed Heiler Software AG (WKN 542 990) (excluding treasury shares). Informatica Deutschland AG is an indirect wholly-owned subsidiary of U.S.-based Informatica Corporation (Nasdaq:INFA), the world's number one independent leader in data integration software.
Informatica thereby successfully concluded the voluntary public takeover offer ("Offer") that had been announced on October 1, 2012 and had been subject to the offer condition of a minimum acceptance level of 67.5 percent of all outstanding shares of Heiler Software AG as well as other offer conditions, which had been satisfied at the end of the acceptance period.
Both the management board and the supervisory board of Heiler Software AG supported the Offer. In their joint statement published on October 29, 2012, both boards recommended that Heiler shareholders accept it.
The takeover offer is only the first step in the process to combine Heiler's business with Informatica's. Informatica intends to take further integration steps under German laws, which may not be complete until mid-to-late 2013. Informatica intends to combine Heiler's PIM solutions with its broader MDM business in order to offer customers better functionality and a more comprehensive range of services than many competing PIM-providers or MDM-providers can offer. Informatica will continue, together with Heiler, innovating solutions for customers across industries and functions to deliver increased business value from their product master data assets.
Informatica Corporation (Nasdaq:INFA) is the world's number one independent provider of data integration software. Organizations around the world rely on Informatica for maximizing return on data to drive their top business imperatives. Worldwide, over 5,000 enterprises depend on Informatica to fully leverage their information assets residing on-premise, in the Cloud and across social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit
www.informatica.com . Connect with Informatica at