Itemfield developed software that could transform data from any format to the XML computer language and vice versa, regardless of whether the information was stored on Windows or any other type of operating platform. In addition, the technology could handle unstructured data, such as in Word, in real time and without the need for extra coding. This enabled users to more easily integrate their separate systems and boost IT productivity.
Exit: Itemfield was acquired by Informatica (NASDAQ: INFA) in December 2006. The companies already enjoyed a strong relationship, with the transaction coming about a year and a half after Itemfield had signed an OEM agreement to embed its core technology into Informatica's flagship data integration platform, PowerCenter.