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Redwood City, Calif., Jan. 30, 2014 (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 January 2014 Magic Quadrant for Enterprise Integration Platform-as-a-Service (iPaaS) report, based on ability to execute and completeness of vision.
The complete report, including the quadrant graphic, is available at:
According to the Gartner iPaaS report, an iPaaS enables subscribers to "implement integration projects involving any combination of cloud-resident and on-premise endpoints - data sources, applications, services (in the service-oriented architecture sense of the word), APIs and processes."
Gartner analysts wrote that "the iPaaS market is poised to dramatically grow over the next five years," and Gartner projects a compound annual growth rate (CAGR) of "almost 30% between 2012 and 2017."
According to the report, iPaaS growth drivers include "the explosion of CSI, MAI, API and Internet of Things," and "the emergence of the agile integration approach and citizen integrators." Gartner also projects iPaaS growth being driven by adoption by small or midsize businesses (SMBs) due to the low entry costs and ease of use.
"We believe our leadership position in the Gartner Magic Quadrant for Enterprise iPaaS showcases our strengths in providing a comprehensive iPaaS solution that is trusted by our global customers to securely process billions of transactions every day from a broad spectrum of information assets, including software-as-a-service applications, on-premises applications, databases, files, mobile and social data sources," said Ash Kulkarni, senior vice president and general manager, Data Integration, Informatica. "As customers aggressively adopt Hybrid IT strategies with a combination of Cloud and on-premises investments, our iPaaS solution helps customers create unified business processes through real-time data, service or process integration - and unlock the full potential of their cloud applications."