PALO ALTO, Calif., October 25, 2000 — Informatica Corporation (NASDAQ: INFA), a leading provider of eBusiness analytic solutions, today announced that Jim Healey has joined the company as chief information officer. Healey's arrival coincides with the near doubling of Informatica's customer base since last year, more than 250 percent employment growth over the prior year, and the expansion of operations from North America and Europe into Latin America and Asia-Pacific.
To serve Informatica's fast-paced needs, Healey will continue implementing enterprise-level transactional, analytical and information-sharing systems throughout the company. One such system to be expanded is Informatica's own "business insight network" — a means of capturing and leveraging cross-value chain data to gain a greater understanding of the business and serve new market opportunities.
"With our vision of building business insight networks becoming a reality, Informatica's rapid, company-wide growth requires strong, skilled leadership to achieve effective, reliable information and communication systems that support our global needs," said Gaurav Dhillon, CEO and co-founder of Informatica Corp. "With his impressive track record, Healey is an excellent fit for our team and will help Informatica fully leverage its own technology, especially our analytical applications, to give us a 360-degree view of our business."
Healey brings nearly a decade of experience as a CIO of fast-growing, global companies. As vice president of operations and CIO at Electronic Arts, he was part of the management team that helped the entertainment software company grow from $150 million to $1.3 billion in revenue to become the largest independent distributor of entertainment software in the world. As vice president of operations and CIO at Symantec Corp., he led the implementation of scalable applications to operate a diverse business distributed over multiple divisions throughout North America and Europe.
"Informatica's solutions are ideal to address an array of requirements within our IT group and across the company, and we plan to take full advantage of its capabilities," said Healey. "Furthermore, as a strong customer of our own products, we expect that our IT group will be at the forefront of providing feedback and guidance to our own Research and Development groups, enabling Informatica to better meet its customers' need for information management platforms and applications."
Healey earned a master's degree in engineering from Stanford University, an MBA degree from University of Santa Clara, and a bachelor's degree in mathematics from the University of Santa Clara. He is on the board of directors for San Mateo County Chamber of Commerce.
About Informatica
Informatica provides eBusiness analytic solutions that enable companies to leverage business insight for competitive advantage. More than 1,000 global customers, including more than half of the Fortune 100, leverage the Informatica Insight Network to integrate, analyze and personalize critical business information to improve business performance and responsiveness across the entire business value chain. Informatica's products include a comprehensive suite of analytic applications, the industry's most powerful data integration platform and a wide range of supporting services and partnerships. The company's list of leading customers includes 3Com, AMD, American Airlines, Boeing, Borders Group, Chevron, Cisco, CNET, Deutsche Bank, eBay, GE, Hewlett-Packard, Inktomi, J. Crew, Merrill Lynch, MetLife, MCI WorldCom, Motorola, Mutual of Omaha, Philips, Polo Ralph Lauren, Preview Travel, Priceline.com, Sprint and UBS. For more information, call 800.970.1179, or visit Informatica's Web site at
http://www.informatica.com/.
Except for historical information, the matters discussed in this news release include forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements relating to the expansion of Informatica's "business insight network." Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from those projected. Further, statements in this news release relating to the past customer and employee growth of Informatica and to Mr. Healey's performance at his previous places of employment may not be indicative of future results, which may materially differ. Informatica's business is subject to several risks, including fluctuations in Informatica's operating results, rapid technological change, market acceptance of Informatica's new products and services and the highly competitive marketplace in which Informatica competes, as well as others. For the discussions of the risk factors related to our business, see the risk factors contained in Informatica's Annual Report on Form 10-K for the fiscal year ended December 31, 1999 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
NOTE: Informatica and the Informatica Insight Network are trademarks or registered trademark of Informatica Corporation. All other company and product names may be trademarks of their respective owners.
Contact:
Samantha Moore
Informatica Corporation
(650) 687-6361
smoore@informatica.com
Rabih Zahnan
Applied Communications
(415)365-0222 x374
rzahnan@appliedcom.com
