Informatica To Buy Itemfield

Informatica Corp. (Nasdaq: INFA) has agreed to acquire Itemfield Inc., a San Mateo, Calif.-based provider of XML-based data transformation software, for approximately $55 million in cash. Itemfield has raised around $17.5 million in total VC funding since its 2000 inception, from firms like Accel Partners, Evergreen Capital Partners, Foundation Capital and Gemini Israel. www.informatica.com www.itemfield.com