Never Miss a Beat: Get a snapshot of the issues affecting the IT industry straight to your inbox.
Sponsored By
Ascential Buys Data-Cleansing Software MakerAscential Buys Data-Cleansing Software Maker
Informix spin-off Ascential Software Inc. last week said it's buying privately held data-cleansing software vendor Vality Technology Inc. for about $92 million in cash.
InformationWeek Staff
March 16, 2002
1 Min Read
Informix spin-off Ascential Software Inc. last week said it's buying privately held data-cleansing software vendor Vality Technology Inc. for about $92 million in cash. The deal, slated to close in April, would let Ascential (ASCL-Nasdaq) expand its tool suite for building data warehouses. Ascential's previous owner, Informix Software, spun it off last year when IBM bought Informix. That left Ascential with about $800 million in cash. In December, Ascential acquired Torrent Systems, a developer of parallel-processing data-warehouse software, for $46 million. Analysts say customer-service efforts are creating a demand for tools that make companies' data more consistent. Vality expects sales of $25 million this year.
About the Author(s)
You May Also Like
More Insights
Webinars
IT Service Management in 2024 and Beyond
Oct 19, 2023Addressing Cybersecurity Challenges In AI
Oct 25, 2023Intelligent Observability in the Age of Cloud
Nov 14, 2023
