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.[3]
History
Informatica was founded in 1993 by Gaurav Dhillon and Diaz Nesamoney.[4]
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 later reported to have been abandoned.[15]
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.[13]
