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Information Builders’ iWay Positioned in the “Visionaries” Quadrant of the Magic Quadrant for Data Quality Tools

August 20, 2012 No Comments

Source: Marketwire

NEW YORK, NY — (Marketwire) — 08/13/12 — Information Builders, a leader in business intelligence (BI) and analytics, information integrity, and integration solutions, today announced that iWay has been positioned by Gartner, Inc. in the “Visionaries” quadrant of the “Magic Quadrant for Data Quality Tools,” upon evaluation of the company’s solutions.

According to the report, “The market for data quality tools amounted to approximately $950 million in software-related revenue at the end of 2011. Organizations of all sizes and in all industries are recognizing the importance of high-quality data and the critical role of data quality in information governance and stewardship, driven by broader EIM initiatives. Data quality issues have a significantly adverse impact on businesses by reducing efficiency, creating risk, and inhibiting value creation. Organizations need to measure, track, and work toward continuous improvement of data quality in order to avoid these negative impacts and increase the value of data to their business. Although the past 12 months have seen strong demand for specialized data quality capabilities, such as address standardization/validation and matching, providers with broader tool suites and the ability to address quality issues in various data domains continued to gain traction.”

Information Builders’ integration and information integrity solutions provide powerful features that allow companies to conduct broad-reaching data quality management initiatives. These robust and flexible features, such as profiling and data cleansing, enable users to validate and handle data in multiple ways, and in real time. In June 2012, Information Builders launched a new platform for master data applications, the Omni Framework, which enables customers to leverage the power of enterprise data by providing a holistic view of key business services. Because of this unique operational insight, the Omni Framework is ideal for industries that deal with large amounts of data such as healthcare and retail.

“In today’s changing market, organizations must not only advance their technology, but also ensure that their information is truly meeting customer needs,” said Gregory Dorman, vice president of iWay Software. “Our ability to deliver a consolidated view of enterprise data is a critical component of this endeavor, and we believe our positioning in the ‘Visionaries’ quadrant by Gartner is a testament to the strength of our solutions. We’re committed to continuing the evolution of our products to better serve our customers in today’s increasingly competitive business environment.”

To access the “Magic Quadrant for Data Quality Tools,” please visit: informationbuilders.com/go/GartnerMQ.

About the Magic Quadrant Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Information Builders Information Builders helps organizations transform data into business value. Our software solutions for business intelligence and analytics, integration, and data integrity empower people to make smarter decisions, strengthen customer relationships, and drive growth. Our dedication to customer success is unmatched in the industry. That’s why tens of thousands of leading organizations rely on Information Builders to be their trusted partner. Founded in 1975, Information Builders is headquartered in New York, NY, with offices around the world, and remains one of the largest independent, privately held companies in the industry. Visit us at informationbuilders.com, follow us on Twitter at @infobldrs, like us on Facebook and visit our LinkedIn page.

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