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Technology / AI and automation

INFORMIX TO PAY $16m IN SHARES FOR STANFORD TECHNOLOGY

Informix Software Inc has been out on one of its rare shopping trips and returned with an agreement to acquire on-line analytical processing outfit, Stanford Technology Group Inc for 570,000 new shares, valuing the company at some $15.8m or so. Menlo Park, California-based Informix, which has had a relationship with Stanford since the begining of the year, says it plans to integrate Stanford’s MetaCube decision support software with its own Informix DSA architecture to provide a multidimensional view of relational data. MetaCube is perhaps the most visible of product offerings that provide multidimensional views of relational data – others include products from MicroStrategy Inc, Vienna, Vancouver and Information Advantage Inc, Edina, Minnesota – with the engine running on a NT server connecting to HP-UX, Solaris, Dynix/ptx, and AIX/6000 agents and supporting Oracle, Tandem Computers Inc, DB2, as well as Informix databases. Stanford Technology, based in San Francisco, California was founded in 1993 by bunch of ex-Oracle people and has 14 staff. The company will remain a seperate entity, reporting to the Informix board.

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