By Paul Gillin
Complete shift
“We went from being a single-product on-prem company to a multicloud, multiplatform company,” he said. “We are the supercloud of the data management space.” Transactions in the Informatica cloud are growing 70% annually and customer renewal rate percentages are in the mid-90s. The company has done from processing 500 billion transactions per month for its customers to handling more than 38 trillion.
Walia estimated that the total addressable market size of the seven markets in which the company now competes is $44 billion, compared with just $7 billion for data integration alone. The new jewel in the crown is the Intelligent Data Management Cloud, a platform that analyst Jason Bloomberg recently described as being “as modern as its on-premises extract/transform/load tools are relics of the last century.”
IDMC isn’t a database management system that connects to databases in multiple clouds as well as customers’ on-premises infrastructure. “We sit on top of all of these databases to help with data management in the middle,” Walia said.
The system ingests, catalogs and governs data, applies data quality controls, and serves the master data management needs of companies with multiple data sources. At its core is Claire, which Informatica describes as an artificial intelligence-powered metadata intelligence and automation processor.
