Informatica

Last updated

Informatica Inc.
Company type Public
Industry Software
Founded1993;31 years ago (1993)
Founders
  • Gaurav Dhillon
  • Diaz Nesamoney
Headquarters Redwood City, California, U.S.
Key people
Products
RevenueIncrease2.svg US$1.595 billion (2023)
Increase2.svgUS$33.6 million (2023)
Decrease2.svgUS$−125 million (2023)
Total assets Increase2.svgUS$5.202 billion (2023)
Total equity Increase2.svgUS$2.213 billion (2023)
Number of employees
5,000+ (December 2023)
Website informatica.com
Footnotes /references
[1]

Informatica Inc. is an American software development company founded in 1993. It is headquartered in Redwood City, California. [2] Its core products include enterprise cloud data management and data integration. It was co-founded by Gaurav Dhillon and Diaz Nesamoney. Amit Walia is the company's CEO. [2]

Contents

History

Informatica was founded in 1993 by Gaurav Dhillon and Diaz Nesamoney. [3]

On 29 April 1999, its initial public offering on the Nasdaq stock exchange listed its shares under the stock symbol INFA. [4] [5]

On 7 April 2015, Permira and Canada Pension Plan Investment Board announced that a company controlled by the Permira funds and CPPIB would acquire Informatica for approximately US$5.3 billion. [6] On 6 August 2015, the acquisition was completed and Microsoft and Salesforce Ventures invested in the company as part of the deal. [7] The company's stock ceased trading on the Nasdaq effective on the same date. [8] [9] [7]

On 27 October 2021, Informatica again became publicly traded with the INFA stock symbol, this time listed on the NYSE, opening at $27.55 per share. [10]

In June 2023 Informatica acquired Privitar, a data management tool. [11]

In November 2023, Informatica announced a restructuring plan to focus on its cloud offerings. It permanently laid off 10% of its workforce and reduced its office space. [12]

In April 2024, the Wall Street Journal reported that Salesforce was in advanced talks to acquire Informatica at a price below its $11 billion market capitalization at the time. [13] The deal was later reported to have been abandoned. [14]

Informatica, announced on Monday that it is not engaged in acquisition talks, following earlier reports that Salesforce had expressed interest in purchasing the company for approximately $10 billion. [15]

Products

Informatica's product portfolio is focused on data integration: extract, transform, load, information lifecycle management, business-to-business data exchange, cloud computing integration, complex event processing, data masking, data quality, data replication, data virtualization, master data management, ultra messaging, and data governance. These components form a toolset for establishing and maintaining data warehouses. It has over 9,500 customers. [2] [16]

In 2006, Informatica announced a "cloud business". [17] In 2023 it announced an AI-powered data management tool [18] and began to fully transition to cloud-based offerings. [12]

Financial results

201420132012201120102009
Revenue (USD in Millions) [19] 1,047.954 M948.171 M811.571 M783.779 M650.076 M600.999 M
Net Income (USD in Millions) [20] 114.087 M86.400 M93.180 M117.500 M86.320 M54.210 M
Former headquarters in Redwood City Informatica HQ 1.JPG
Former headquarters in Redwood City

Informatica has grown through a combination of sales growth and through company acquisitions. [16] [21]

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References

  1. ↑ "Informatica, Inc. 2023 Form 10-K (Annual Report)". U.S. Securities and Exchange Commission. 22 February 2024.
  2. 1 2 3 Informatica, Informatica website, retrieved 15 May 2010
  3. ↑ McKenna, Brian (19 February 2021). "Gaurav Dhillon: Silicon Valley is poised to grow up to seize a more spiritual future". Computer Weekly .
  4. ↑ "Informatica Shares Soar". The New York Times . 30 April 1999.
  5. ↑ "IPO". CNN Money . 29 April 1999.
  6. ↑ "Informatica Announces Agreement to be Acquired by The Permira Funds and Canada Pension Plan Investment Board". permira.com. Archived from the original on 10 April 2015. Retrieved 7 April 2015.
  7. 1 2 "Microsoft And Salesforce Join In $5.3 Billion Buyout of Informatica". forbes.com. Retrieved 7 August 2015.
  8. ↑ "Informatica Corporation Announces Completion of Acquisition by the Permira Funds and Canada Pension Plan Investment Board". informatica.com. Archived from the original on 5 September 2015. Retrieved 7 August 2015.
  9. ↑ "Salesforce Ventures and Microsoft Join Informatica Buyout". The New York Times. 6 August 2015. Retrieved 7 August 2015.
  10. ↑ "Enterprise software firm Informatica valued at $7.5 bln in stock market return". reuters.com. 27 October 2021. Retrieved 27 October 2021.
  11. ↑ Lunden, Ingrid (14 June 2023). "Informatica acquires Privitar, once valued at $400M, to expand its data management stack". TechCrunch. Retrieved 22 April 2024.
  12. 1 2 "Tech Layoffs: Bay Area Firm Slashes Hundreds of Jobs". The San Francisco Standard. 6 November 2023. Retrieved 22 April 2024.
  13. ↑ Cimilluca, Lauren Thomas, Laura Cooper and Dana. "Exclusive | Salesforce in Advanced Talks to Buy Informatica". WSJ. Retrieved 22 April 2024.{{cite news}}: CS1 maint: multiple names: authors list (link)
  14. ↑ Sen, Anirban (21 April 2024). "Salesforce abandons pursuit of Informatica, source says".
  15. ↑ "Informatica Provides Business and Financial Updates". www.businesswire.com. 22 April 2024. Retrieved 23 April 2024.
  16. 1 2 Magic Quadrant for Data Integration Tools, Gartner, 25 November 2009, retrieved 15 May 2010
  17. ↑ Adrian, Merv (10 June 2010), Informatica Re-Factors the Value Chain for the Cloud, IT Market Strategy, retrieved 7 July 2010
  18. ↑ Sharma, Shubham (9 May 2023). "Informatica goes all in on generative AI with Claire GPT". VentureBeat .
  19. ↑ "Earnings Per Share - Revenue - Company Dividend - EPS". NASDAQ.com. Retrieved 20 April 2018.
  20. ↑ "Net Income for Informatica (INFA) - Wikinvest". Wikinvest. Archived from the original on 11 August 2017. Retrieved 20 April 2018.
  21. ↑ Karel, Rob (28 January 2010), Introducing The MDM Market's Newest 800lb Gorilla: Informatica Acquires Siperian!, Forrester, archived from the original on 2 February 2010, retrieved 15 May 2010
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