For distribution on Monday, 8/20/01 at 8:30 am Eastern
Contact: Samantha Moore
BEST BUY LOOKS TO INFORMATICA DATA INTEGRATION PLATFORM FOR GREATER BUSINESS INSIGHT
Best Buy to standardize on Informatica PowerCenter across the Company to integrate more than one terabyte of data for strategic analysis
PALO ALTO, Calif., August 20, 2001 – Informatica Corporation (NASDAQ: INFA), the leading provider of enterprise analytic software, today announced that Best Buy Co., Inc. (NYSE: BBY) is standardizing on Informatica PowerCenter as its data integration platform. The move to Informatica PowerCenter will help Best Buy achieve more rapid time-to-insight, enhance customer service and optimize business performance by accelerating the process of integrating fast-growing data volumes from numerous enterprise systems.
Best Buy is the leading specialty retailer of consumer electronics, personal computers, appliances and entertainment software in the U.S. The Company anticipates it will open 60 new stores by the end of 2001, projecting that its data volume will grow by 24 percent during this time. Informatica PowerCenter will serve as the Company’s data integration platform, consolidating information from key applications such as customer relationship management (CRM) and e-Commerce.
"Informatica will help us integrate information from an ever-growing number of data sources and avoid dependency on labor-intensive and error-prone programming," said Clark Becker, senior vice president and CTO for Best Buy. "Not only will we streamline our responsiveness to user information needs, but the performance and scalability of the Informatica platform will help ensure that increased volumes of data will be integrated and available to analytics users very quickly."
Best Buy currently maintains more than 1.6 terabytes of data in a single database and performs data integration operations on 250 source data feeds, representing an average of 330 million records a day. Informatica PowerCenter, which is optimized for parallel processing, will run on a 24-processor SUN E10000 server and support massive scalability to accommodate Best Buy’s projected growth.
"One of retailing’s great success stories, Best Buy is known for its strategic use of information for competitive advantage and business efficiency," said Diaz Nesamoney, president and COO of Informatica. "By helping Best Buy to integrate ever-increasing volumes of data in less time, the Informatica platform will help empower the company to increase its responsiveness and agility as its business expands."
Informatica PowerCenter is the market-leading enterprise data integration platform that empowers corporations to make fast and consistent business decisions. In conjunction with Informatica PowerConnect products, Informatica PowerCenter provides integration among eBusiness and enterprise data sources such as ERP, CRM, procurement, XML, messaging, clickstream and Web log data, relational sources, mainframe and legacy systems. The platform also delivers the performance and scalability to meet the business analytic needs of the most demanding enterprises.
Best Buy Co., Inc. is the nation’s leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The company operates retail stores and commercial Web sites under the names: Best Buy, (BestBuy.com), Magnolia Hi-Fi, Media Play (MediaPlay.com), On Cue (OnCue.com), Sam Goody (SamGoody.com) and Suncoast (Suncoast.com). Best Buy reaches consumers through more than 1,800 retail stores nationwide, in Puerto Rico and in the U.S. Virgin Islands.
Informatica provides enterprise analytic software that enables decision makers to transform business insight into competitive advantage. Informatica provides the industry's only integrated set of analytic products, including a powerful data integration platform, a suite of cross value chain analytic applications, and real-time delivery of personalized analytics via web, wireless and voice. More than 1,300 customers, including 60 percent of the Fortune 100, rely on Informatica software to integrate, analyze and deliver critical information to managers, executives and other decision-makers to optimize business performance. The company's list of global customers includes 3Com, AMD, American Airlines, BMW, Borders Group, Chevron, Cisco, CNET, Deutsche Bank, eBay, General Electric, Hewlett-Packard, MetLife, Motorola, Philips, Polo Ralph Lauren, Sprint and UBS. For more information, call +1-800-970-1179, or visit the Informatica Web site at http://www.informatica.com/
Note: Informatica, PowerCenter and PowerConnect are trademarks or registered trademarks of Informatica Corporation. All other company and product names may be trademarks of their respective owners.