Informatica Corporation (INFA) Now Owned by Investment Group that Includes Microsoft


Microsoft Corporation (NASDAQ: MSFT) and Salesforce Ventures are part of an investment group that acquired Informatica for $5.3 billion.

The investment group is led by Permira Funds and Canada Pension Plan Investment Board (CPPIB) led the investment group, which completed the acquisition today, according to Informatica.

Informatica stockholders will receive $48.75 per share in cash. Following the completion of the transaction, the trading of Informatica’s stock on NASDAQ will cease today.

Informatica is a billion-dollar leader category

Commenting on the acquisition, Brian Ruder, a partner at Permira Funds emphasized that Informatca is a “billion-dollar category leader with an outstanding record of innovation, customer success and financial growth.”

He also expressed that the investment of Microsoft and Salesforce Ventures serves as a testament to the strength of Informatica’s business.

On the other hand, Mark Jenkins, CPPIB senior managing director and global head of private investments said,

“We are very impressed by the long-term track record of success and product leadership that Informatica has achieved with Sohaib’s guidance over the past 11 years.”

Informatica leadership changes

Sohaib Abbasi will continue to serve as chairman of Informatica. Its Chief Product Officer Anil Chakravarthy will now serve as the acting chief executive officer effective immediately.

Former Adobe CEO Bruce Chizen joins Informatica as board member and special advisor.

In a statement, Abbasi said, “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.”

On the other hand, Anil Chakravarthy said, “It is a privilege to lead the world-class Informatica team in this promising new phase of growth as a private company. Our transformative innovation roadmap includes four distinct billion-dollar opportunities: cloud integration, next generation big data integration, MDM solutions and data security.”