Informatica Corporation has announced the successful completion of its acquisition by a company controlled by the Permira funds and Canada Pension Plan Investment Board (CPPIB). Additionally, Informatica announced that Microsoft Corporation and Salesforce Ventures have agreed to become strategic investors in the company alongside the Permira funds and CPPIB. The acquisition is valued at approximately $5.3 billion, with Informatica stockholders receiving $48.75 in cash per share. Informatica’s stock will cease trading on the NASDAQ under the ticker symbol INFA effective today.
Informatica has also announced leadership changes. Sohaib Abbasi, Chairman & former Chief Executive Officer, will continue to serve as chairman of Informatica. Anil Chakravarthy, Chief Product Officer, will now serve as the acting chief executive officer of Informatica, effective immediately. Bruce Chizen, former Chief Executive Officer of Adobe, has joined Informatica as a board member and as a special advisor to Informatica… See more