History
Informatica was founded in 1993 by Gaurav Dhillon and Diaz Nesamoney. [4]
On 29 April 1999, its initial public offering on the Nasdaq stock exchange listed its shares under the stock symbol INFA. [5] [6]
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. [7] On 6 August 2015, the acquisition was completed and Microsoft and Salesforce Ventures invested in the company as part of the deal. [8] The company's stock ceased trading on the Nasdaq effective on the same date. [9] [10] [8]
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. [11]
In June 2023 Informatica acquired Privitar, a data management tool. [12]
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. [13]
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. [14] The deal was eventually abandoned; however, just over a year later, in May 2025, Salesforce announced its intent to purchase Informatica for about $8 billion, [15] subject to regulatory approval. [16]
In May 2025, the Wall Street Journal reported that Salesforce will acquire Informatica for $8 billion or $25 per share. [17]
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] [18]
In 2006, Informatica announced a "cloud business". [19] In 2023 it announced an AI-powered data management tool [20] and began to fully transition to cloud-based offerings. [13]
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US$1.64 billion (2024)
