LOS ALTOS, USA: Talend, solution provider for open source data integration software has announced it has acquired all rights to the Master Data Management (MDM) technology kof Amalto Technologies.

As a result of this acquisition, Talend will be the first company to offer an open source MDM solution, providing organizations with the exact features and benefits found in proprietary MDM solutions, at a fraction of the cost.

“Many of the organizations we work with will be delighted to see a major open source player enter the fast growth MDM market, especially at a time when organizations are doing all they can to optimize the ROI of their projects,” said Aaron Zornes, chief research officer at The MDM Institute.

Today, most enterprises have a heterogeneous application portfolio, with fragments of often inaccurate, incomplete and inconsistent data residing in various application silos. The problem for these organizations is to provide a consistent view of their customer base, product catalog, employees, or other master data shared and used by many applications and lines of business.

In recent years, Master Data Management (which allows an organization to link all of its critical data to one “master file”) has emerged as the means to more efficiently manage shared data, eliminate redundancy and create the elusive “single version of the truth.”

“We have been analyzing the MDM market for some time and sought the right fit that would easily integrate with our existing technologies. We found Amalto’s technology to be a perfect match at a time when the industry is in need of a flexible solution that offers fast time-to-value,” said Bertrand Diard, co-founder and CEO of Talend.

Diard added, “Moreover, MDM is a natural extension to our data integration and data quality solutions and will enable our customers to cover all aspects of the data lifecycle. By introducing the first open source MDM solution, Talend is poised to change the market landscape, competing head to head with established players such as IBM and Oracle, for the greater benefit of all customers and users.”

Talend has completed a full audit of the source code to ensure its intellectual property compliance and is in the process of integrating it with the company’s data integration and data quality technologies.