Informatica
 | |
 Headquarters in Redwood City | |
| Company type | Public |
|---|---|
| |
| Industry | Software |
| Founded | 1993 |
| Founders |
|
| Headquarters | Redwood City, California, U.S. |
Key people |
|
| Products |
|
| Revenue |  US$1.595 billion (2023) |
| US$33.6 million (2023) | |
 US$−125 million (2023) | |
| Total assets | US$5.202 billion (2023) |
| Total equity | US$2.213 billion (2023) |
Number of employees | 5,000+ (December 2023) |
| Website | informatica |
| 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
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
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
| 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 |
Informatica has grown through a combination of sales growth and through company acquisitions.[16][21]
References
- ^ "Informatica, Inc. 2023 Form 10-K (Annual Report)". U.S. Securities and Exchange Commission. 22 February 2024.
- ^ a b Informatica, Informatica website, retrieved 15 May 2010
- ^ "Informatica CEO sees no slowdown in cloud growth". SiliconANGLE. 2 May 2024. Retrieved 19 July 2024.
- ^ McKenna, Brian (19 February 2021). "Gaurav Dhillon: Silicon Valley is poised to grow up to seize a more spiritual future". Computer Weekly.
- ^ "Informatica Shares Soar". The New York Times. 30 April 1999.
- ^ "IPO". CNN Money. 29 April 1999.
- ^ "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.
- ^ a b "Microsoft And Salesforce Join In $5.3 Billion Buyout of Informatica". forbes.com. Retrieved 7 August 2015.
- ^ "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.
- ^ "Salesforce Ventures and Microsoft Join Informatica Buyout". The New York Times. 6 August 2015. Retrieved 7 August 2015.
- ^ "Enterprise software firm Informatica valued at $7.5 bln in stock market return". reuters.com. 27 October 2021. Retrieved 27 October 2021.
- ^ Lunden, Ingrid (14 June 2023). "Informatica acquires Privitar, once valued at $400M, to expand its data management stack". TechCrunch. Retrieved 22 April 2024.
- ^ a b "Tech Layoffs: Bay Area Firm Slashes Hundreds of Jobs". The San Francisco Standard. 6 November 2023. Retrieved 22 April 2024.
- ^ 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) - ^ Sen, Anirban (21 April 2024). "Salesforce abandons pursuit of Informatica, source says".
- ^ a b Magic Quadrant for Data Integration Tools, Gartner, 25 November 2009, retrieved 15 May 2010
- ^ Adrian, Merv (10 June 2010), Informatica Re-Factors the Value Chain for the Cloud, IT Market Strategy, retrieved 7 July 2010
- ^ Sharma, Shubham (9 May 2023). "Informatica goes all in on generative AI with Claire GPT". VentureBeat.
- ^ "Earnings Per Share - Revenue - Company Dividend - EPS". NASDAQ.com. Retrieved 20 April 2018.
- ^ "Net Income for Informatica (INFA) - Wikinvest". Wikinvest. Archived from the original on 11 August 2017. Retrieved 20 April 2018.
- ^ 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
External links
