Informatica Corporation, the world’s number one independent provider of data integration software, today announced the successful completion of its acquisition by a company controlled by the Permira funds and Canada Pension Plan Investment Board (CPPIB). Additionally Informatica announced that Microsoft Corporation and Salesforce Ventures have agreed to become strategic investors in the company alongside the Permira funds and CPPIB. The acquisition is valued at approximately $5.3 billion, with Informatica stockholders receiving $48.75 in cash per share. Informatica’s stock will cease trading on the NASDAQ under the ticker symbol INFA effective today.
Informatica today also announced leadership changes. Sohaib Abbasi, chairman and former chief executive officer, will continue to serve as chairman of Informatica. Anil Chakravarthy, chief product officer, will now serve as the acting chief executive officer of Informatica, effective immediately. Bruce Chizen, former chief executive officer of Adobe, has joined Informatica as a board member and as a special advisor to Informatica.
“The Informatica goal remains to grow into a multi-billion dollar leader in all things data. Now as a private company, with a long view measured in years, not quarters, we will have more flexibility and more time to implement our transformative innovation roadmap and to evolve our business model,” said Sohaib Abbasi, chairman, Informatica. “To lead this exciting next phase, I am pleased that Anil Chakravarthy is assuming his new role of acting CEO. It is my distinct honor to also welcome Bruce Chizen, former CEO of Adobe, to Informatica both as a board member and as a special advisor. I have every expectation that the best years for Informatica are yet to come.”
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