Identity Systems to be Acquired by Informatica

ESPOO, Finland and REDWOOD CITY, California, April 17
/PRNewswire-FirstCall/ -- Nokia (NYSE: NOK) and Informatica have signed an
agreement for Informatica to acquire Identity Systems, headquartered in
Greenwich, CT. Identity Systems became a subsidiary of Nokia in February 2006
as part of Nokia's acquisition of Intellisync. Informatica will acquire all
of the capital stock of Identity Systems in a cash transaction valued at
approximately USD 85 million.
Identity Systems is a global leader in enterprise software development
for identity resolution, providing fast, highly accurate and scalable
solutions to profile, cleanse, group, match and consolidate data within
computer systems and network databases.
"After thorough consideration Nokia decided that Identity Systems'
business has a much bigger potential as part of Informatica since identity
resolution is a key part of many data quality and data integration
initiatives," said Tom Furlong, SVP, Services & Software, Nokia. "With this
transaction, Identity Systems' strong and committed team has the opportunity
to expand and grow their already successful business and technology. We see
this as a natural evolution to Identity Systems as they have been operating
as a very independent business within Nokia."
"We are excited and confident that our innovative solutions, strong
talent pool, solid partner ecosystem and global customer base will add to
Informatica's existing success in the data quality market. We are pleased and
look forward to being part of the leading global independent data integration
company," said Sanjay Rao, General Manager of Identity Systems.
"The combination of Identity Systems and Informatica will offer the most
advanced data quality products," said Sohaib Abbasi, chairman and CEO,
Informatica. "This combination advances our leadership in three ways. First,
we will offer our customers additional innovative capabilities for identity
search and resolution. Second, it extends our data quality products with
differentiated cross-language identity matching capabilities. And third, our
customers will benefit from the near-universal access of our leading data
integration platform to integrate all their data including identity data.
Together, we will further enable organizations to gain a competitive
advantage in today's global information economy by empowering them to access,
integrate and trust all their information assets."
The transaction is expected to close by the end of May subject to
customary conditions, including all required employee consultations.
About Nokia
Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. We make a
wide range of mobile devices with services and software that enable people to
experience music, navigation, video, television, imaging, games, business
mobility and more. Developing and growing our offering of consumer Internet
services, as well as our enterprise solutions and software, is a key area of
focus. We also provide equipment, solutions and services for communications
networks through Nokia Siemens Networks.
About Informatica
Informatica is a leading provider of enterprise data integration software
and services. With Informatica, organizations can gain greater business value
by integrating all their information assets from across the enterprise. More
than 3,000 companies worldwide rely on Informatica to reduce the cost and
expedite the time to address data integration needs of any complexity and
scale. For more information, call +1-650-385-5000, or visit
http://www.Informatica.com.
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and smoothly implement our new organizational structure; as well as the risk
factors specified on pages 10-25 of Nokia's annual report on Form 20-F for
the year ended December 31, 2007 under "Item 3.D Risk Factors." Other unknown
or unpredictable factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from those in the
forward-looking statements. Nokia does not undertake any obligation to update
publicly or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally
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http://www.nokia.com
SOURCE Nokia Corporation

Media Enquiries: Nokia, Communications, Tel. +358-7180-34900, E-mail:
press.services@nokia.com; Nokia, Americas, Communications, Tel.
+1-972-894-4573, Email: communication.corp@nokia.com; Industry Analysts only:
Nokia Industry Analyst Relations, Industry.analyst@nokia.com; Informatica,
Deborah Wiltshire, Informatica Corporation, +1-650-385-5360, mobile:
+1-650-862-8186, dwiltshire@informatica.com