Enterprise data management vendor Informatica announced Wednesday that it has acquired London-based startup Pribitor for an undisclosed amount to bolster data access management capabilities for its Intelligent Data Management Cloud (IDMC).
Released in May 2021, IDMC is a suite that sits on top of enterprise databases to manage data from disparate data sources by ingesting, cataloging, and applying data governance rules.
The acquisition is significant because the prevalence of generative AI has raised corporate concerns about data security, and enforcing data access control policies is seen as one way to address such concerns.
Founded by Gerard Buggy, Jason du Preez, and John Taysom, Privitar now offers a data privacy platform. Post-acquisition, Informatica’s IDMC platform will combine Privitar’s data access management capabilities with the company’s Claire AI engine to automate the enforcement of policy-based access controls, the companies said in a statement.
“The addition of Privitar’s data access management and privacy solutions to the IDMC platform will support important and fast-growing use cases around cloud analytics, governance, data mesh and data marketplaces,” they added.
In May, Informatica added generative AI capabilities to its IDMC suite with the addition of ClaireGPT and AI Copilot.
Informatica’s acquisition of Pribitor is expected to close in the third quarter. The startup has raised approximately $150 million from investors including Warburg Pincus, Accel Partners, Salesforce Ventures, Citi, HSBC Venture Capital Coverage Group, IQ Capital, Partec and ABN AMRO Ventures.
