Informatica Corp. has agreed to buy Zimba Inc. in a deal that will allow the combined to offer corporate clients access to data analysis from any mobile or wireless device.
According to the agreement, Informatica will exchange about $25 million in stock for privately held Zimba, a wireless application developer. Zimba's 21 employees will join Informatica's platform-development team in Palo Alto, Calif., and will be led by Zimba CEO Girish Pancha, a former Informatica executive. The deal is expected to close in September.
Informatica, which develops software that helps its clients build and manage data warehouses, plans to integrate Zimba's Wireless Application Protocol and voice-recognition applications into its platforms. By integrating the platforms, Informatica would let executives who are often out of the office access corporate data from a cell phone or personal digital assistant.
The use of analytical information has become more widespread and is being used in a variety of ways by every member of the corporate workforce, says Gaurav Dhillon, CEO of Informatica. "With the addition of mobile technology, we will be able to provide knowledge workers with information wherever their job takes them."
Informatica plans to begin an initial integration of Zimba's wireless applications with its platforms by the end of the year. Fully integrated platforms are expected to be available by spring 2001.