has been acquired by
Oracle Buys Datanomic
May 05, 2011
Adds leading data quality software to deliver best in class data integration solution
Oracle has acquired Datanomic Limited, a leading provider of customer data quality software and related applications for risk and compliance screening. The combination of Datanomic technology and Oracle Product Data Quality is expected to deliver the most complete data quality solution to reduce the cost and complexity of managing data across our customers’ businesses.
Datanomic’s data quality software already manages data for some of the largest corporations in the world, spanning financial services, retail, insurance, telecoms and utilities. Datanomic is expected to be a key component of Oracle’s data integration solution and adds extensive capabilities to profile, audit, cleanse, and match customer and contact data from disparate sources and systems. With Oracle Product Data Quality, recently acquired from Silver Creek Systems, Oracle Data Integration and Datanomic technology, Oracle plans to offer a complete solution incorporating best-of-breed capabilities for data profiling, quality and integration that can deliver a single view of customer, product and other data types across the enterprise.
Datanomic’s leading risk and compliance screening capabilities are expected to offer customers a proven, high accuracy application for screening customers, partners and other trading entities against a wide range of sanctions, PEP and other risk data sources to ensure regulatory compliance. Oracle recognizes that the risk and compliance screening applications built upon the core data quality capabilities solve specific and critical business problems for Datanomic customers, and we expect to continue to develop and support these capabilities going forward.
Datanomic’s management and employees are expected to join Oracle ensuring the continuity of products and services delivery for Datanomic customers and partners.
Portico Capital Securities LLC served as exclusive financial advisor to Datanomic Limited with respect to this transaction.