Nokia 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.

The transaction is expected to close by the end of May subject to customary conditions, including all required employee consultations.