The story
Informatica was founded in 1993 by Gaurav Dhillon and Diaz Nesamoney. On 29 April 1999, its initial public offering on the Nasdaq stock exchange listed its shares under the stock symbol INFA.
In April 2015, Permira and CPP Investments announced that a company controlled by their funds would acquire Informatica for approximately US$5.3 billion; this transaction was completed four months later, receiving investment from Microsoft and Salesforce Ventures as part of the deal.
On August 6 2015, its stock ceased trading on the Nasdaq. On 27 October 2021, Informatica again became publicly traded with the INFA stock symbol at about $10 billion enterprise value, this time listed on the NYSE, opening at $27.55 per share.
In November 2023, five months after acquiring Privitar, a data management tool, 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.
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; the deal was eventually abandoned.
In May 2025, it was reported that the firm would be acquired by Salesforce for $8 billion. subject to regulatory approval. In November, it was announced that the acquisition had been completed.
From Wikipedia’s article on Informatica, shared under CC BY-SA 4.0.5
