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Microsoft and Salesforce Avid Investors in Informatica Deal

Informatica

Informatica Corporation announces the successful accomplishment of its awaited acquisition by a company controlled by the Permira funds and Canada Pension Plan Investment Board (CPPIB); Microsoft Corporation and Salesforce Ventures will adhere as strategic investors. Informatica’s stock will cease trading on the NASDAQ under the ticker symbol INFA effective today.

Informatica has also announced leadership changes. Sohaib Abbasi, Chairman & 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.

Talking on these strategic alignments, Sohaib Abbasi, Chairman & former Chief Executive Officer 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,” 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 honour 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.”

The acquisition is valued at approximately $5.3 billion, with Informatica stockholders receiving $48.75 in cash per share.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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