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]
In April 2015, Permira and CPP Investments announced that a company controlled by their funds would acquire Informatica for approximately US$5.3 billion; [7] this transaction was completed four months later, receiving investment from Microsoft and Salesforce Ventures as part of the deal. [8]
On August 6 2015, its stock ceased trading on the Nasdaq. [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 November 2023, five months after acquiring Privitar, a data management tool, [12] the firm 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.
In May 2025, it was reported that the firm would be acquired by Salesforce for $8 billion. [15] subject to regulatory approval. [16] [17] In November, it was announced that the acquisition had been completed. [18]
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] [19]
In 2006, Informatica announced a "cloud business". [20] In 2023 it announced an AI-powered data management tool [21] and began to fully transition to cloud-based offerings. [13]
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US$1.64 billion (2024)
