Informatica is planning to extend the data access management, privacy and governance capabilities integrated in its Intelligent Data Management Cloud (IDMC) following disclosure of its intent to acquire Privitar.
Privitar was founded in London in 2014 with a mission to help data-driven organisations address data privacy concerns and comply with legislation such as General Data Protection Regulation (GDPR). The company has since developed into a data management access and privacy software provider offering a modern data access management solution that builds collaborative workflows and policy-based data privacy and access controls into data operations.
Adding the Privitar solution to Informatica’s IDMC platform is expected to support critical, high-growth use cases around cloud analytics, governance, data mesh, and data marketplaces. By combining Informatica’s CLAIRE AI engine with Privitar’s data access management capability, IDMC can automate the application of policy-based privacy and access controls, and help accelerate the use of governed and trusted data across the organisation.
“Data governance and responsible use of data is a growing priority for large businesses, but too often requires trading off agility and self-service,” says Amit Walia, CEO at Informatica. “With Privitar’s capabilities integrated into IDMC, customers can deliver best-in-class data governance, access, policies and compliance, and empower better data-driven decision-making and business outcomes.”
Jason du Preez, CEO at Privitar, adds: “Joining Informatica will enable us to better serve our customers with an integrated data management stack delivering a complete data governance solution with security and privacy intrinsic to the platform.”
Financial details of the prospective acquisition were not disclosed. Subject to closing conditions, the acquisition is expected to be completed in the third quarter of 2023.
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