Informatica is going to acquire Privitar. The deal will add Privitar’s secure data access, data privacy and policy management capabilities to Informatica’s Data Management Cloud platform.
This week Informatica announced its intent to acquire Privitar to leverage the company’s advanced access controls and remediation for data privacy and security. It will bring this functionality to Informatica’s AI-powered Intelligent Data Management Cloud (IDMC) platform.
Privitar is a UK-based data management access and privacy software provider. It “powers organizations to democratize the ethical and safe use of data across enterprises”, according to the announcement. The company provides auditable and compliant access to data assets. They conform to major regulations like the European Union’s General Data Protection Regulation (GDPR).
Data access management has become critical
As hybrid and multi-cloud environments proliferate, data access management has emerged as a critical solution to help users create, enforce, and monitor data policies. For the immediate future, Privitar will remain a standalone product. However, the long-term plan is to integrate with IDMC, a spokesman told SiliconANGLE.
Adding Privitar’s data access management and privacy solution to the IDMC platform will “support critical, high-growth use cases around cloud analytics, governance, data mesh, and data marketplace”, the company said.
Helping companies to “democratize” their data
“Data governance and responsible use of data is a growing priority for large businesses, but too often requires trading off agility and self-service”, said Amit Walia, Chief Executive Officer at Informatica.
Indeed, customers are increasingly looking to democratize the use of data further into their organization. This means that the ability to easily control access, protect data and enforce policies has become ever more critical. By leveraging the power of its CLAIRE AI engine combined with Privatar’s data access management capability, Informatica IDMC can automate the application of policy-based privacy and access controls. In addition, it can help accelerate the use of governed and trusted data across the organization, the company claimed.
Financial details of the prospective acquisition were not disclosed. The acquisition is subject to certain closing conditions. It is expected to be completed in the third quarter of 2023.
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