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Informatica

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Informatica Inc.
Company typePublic
IndustrySoftware
Founded1993; 31 years ago (1993)
Founders
  • Gaurav Dhillon
  • Diaz Nesamoney
HeadquartersRedwood City, California, U.S.
Key people
Products
RevenueIncrease US$1.595 billion (2023)
Increase US$33.6 million (2023)
Decrease US$−125 million (2023)
Total assetsIncrease US$5.202 billion (2023)
Total equityIncrease US$2.213 billion (2023)
Number of employees
5,000+ (December 2023)
Websiteinformatica.com
Footnotes / references
[1]

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

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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 later reported to have been abandoned.[15]

Products

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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][16]

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]

Financial results

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2014 2013 2012 2011 2010 2009
Revenue (USD in Millions)[19] 1,047.954 M 948.171 M 811.571 M 783.779 M 650.076 M 600.999 M
Net Income (USD in Millions)[20] 114.087 M 86.400 M 93.180 M 117.500 M 86.320 M 54.210 M
Former headquarters in Redwood City

Informatica has grown through a combination of sales growth and through company acquisitions.[16][21]

References

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  1. ^ "Informatica, Inc. 2023 Form 10-K (Annual Report)". U.S. Securities and Exchange Commission. 22 February 2024.
  2. ^ a b Informatica, Informatica website, retrieved 15 May 2010
  3. ^ "Informatica CEO sees no slowdown in cloud growth". SiliconANGLE. 2 May 2024. Retrieved 19 July 2024.
  4. ^ McKenna, Brian (19 February 2021). "Gaurav Dhillon: Silicon Valley is poised to grow up to seize a more spiritual future". Computer Weekly.
  5. ^ "Informatica Shares Soar". The New York Times. 30 April 1999.
  6. ^ "IPO". CNN Money. 29 April 1999.
  7. ^ "Informatica Announces Agreement to be Acquired by The Permira Funds and Canada Pension Plan Investment Board". permira.com. Archived from the original on 10 April 2015. Retrieved 7 April 2015.
  8. ^ a b "Microsoft And Salesforce Join In $5.3 Billion Buyout of Informatica". forbes.com. Retrieved 7 August 2015.
  9. ^ "Informatica Corporation Announces Completion of Acquisition by the Permira Funds and Canada Pension Plan Investment Board". informatica.com. Archived from the original on 5 September 2015. Retrieved 7 August 2015.
  10. ^ "Salesforce Ventures and Microsoft Join Informatica Buyout". The New York Times. 6 August 2015. Retrieved 7 August 2015.
  11. ^ "Enterprise software firm Informatica valued at $7.5 bln in stock market return". reuters.com. 27 October 2021. Retrieved 27 October 2021.
  12. ^ Lunden, Ingrid (14 June 2023). "Informatica acquires Privitar, once valued at $400M, to expand its data management stack". TechCrunch. Retrieved 22 April 2024.
  13. ^ a b "Tech Layoffs: Bay Area Firm Slashes Hundreds of Jobs". The San Francisco Standard. 6 November 2023. Retrieved 22 April 2024.
  14. ^ Cimilluca, Lauren Thomas, Laura Cooper and Dana. "Exclusive | Salesforce in Advanced Talks to Buy Informatica". WSJ. Retrieved 22 April 2024.{{cite news}}: CS1 maint: multiple names: authors list (link)
  15. ^ Sen, Anirban (21 April 2024). "Salesforce abandons pursuit of Informatica, source says".
  16. ^ a b Magic Quadrant for Data Integration Tools, Gartner, 25 November 2009, retrieved 15 May 2010
  17. ^ Adrian, Merv (10 June 2010), Informatica Re-Factors the Value Chain for the Cloud, IT Market Strategy, retrieved 7 July 2010
  18. ^ Sharma, Shubham (9 May 2023). "Informatica goes all in on generative AI with Claire GPT". VentureBeat.
  19. ^ "Earnings Per Share - Revenue - Company Dividend - EPS". NASDAQ.com. Retrieved 20 April 2018.
  20. ^ "Net Income for Informatica (INFA) - Wikinvest". Wikinvest. Archived from the original on 11 August 2017. Retrieved 20 April 2018.
  21. ^ Karel, Rob (28 January 2010), Introducing The MDM Market's Newest 800lb Gorilla: Informatica Acquires Siperian!, Forrester, archived from the original on 2 February 2010, retrieved 15 May 2010
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