Redwood City, Calif., Oct. 9, 2013 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq:INFA), the world's number one independent provider of data integration software, today announced that Gartner, Inc., a leading IT research and advisory firm, has positioned Informatica as a leader in its 2013 Magic Quadrant for Data Quality Tools report.
The complete report, including the quadrant graphic, is available at http://www.informatica.com/us/data-quality-magic-quadrant .
Ted Friedman, VP and Distinguished Analyst at Gartner, and author of the report, wrote, "As more organizations seek to capitalize on the value of their information assets, the importance of the data quality discipline continues to grow. Demand for innovative approaches to data quality strategy, organizational issues and tactics has never been higher."Friedman notes in the report that, "Data quality tools provide automation for activities that would otherwise be difficult, if not impossible, to accomplish given the volumes of data and complexity of the technology landscape (multiple platforms, storage mechanisms and diversity of formats and semantics) common in modern enterprises. "Specifically," he wrote, "data quality tools enable improvement and management goals by providing infrastructure for measuring data quality levels, identifying data quality flaws of various types, applying business rules for remediation, and tracking data quality issues through the resolution process." According to the Gartner report, "Across the landscape of enterprise software, [the data quality] market is among the fastest-growing. Gartner estimates that this market reached $960 million in software revenue at the end of 2012. This translates to growth of 12.3% in constant-dollar terms over 2011 (a standout year in which this market grew by 17.5%). Gartner forecasts that the growth of this market will accelerate during the next few years, to approach 16% by 2017 and bring the market to nearly $2 billion in constant-dollar software revenue."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts