Data integration software provider Informatica said that it has completed the acquisition of low latency messaging firm 29West to expand its addressable market with another adjacent category, ultra-low latency messaging (ULLM).
The acquisition is expected to add 29West’s zero-latency capabilities that enables Informatica to provide zero-latency data integration platform to address the entire range of data delivery requirements.
Informatica said that the combination will further enable financial services customers to succeed with enterprise-wide initiatives such as unified trading platforms and straight-through-processing (STP) that span the front office, middle office and back office.
29West ULLM technology is utilised by customers to send and receive millions of messages per second with microsecond delivery times for zero-latency data delivery. 29West provides an order of magnitude enhancement in latency, throughput and predictability compared with traditional data delivery approaches, including hand coding and near real-time messaging systems.
Girish Pancha, executive vice president of data integration product division at Informatica, said: Our acquisition of 29West advances Informatica’s technology leadership by providing the industry’s first platform for zero-latency data delivery and data integration.
“The addition of 29West’s technology further strengthens our business in financial services, and expands our addressable market with another adjacent category – ULLM. Our customers will benefit from a single data integration platform that addresses the entire range of data delivery needs including batch, near real-time and instant data delivery.
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