Informatica Goes Private: Microsoft, Salesforce Strategic Investors
[Ed note: the following article was written by Larry Dignan and appears on zdnet.com]
Informatica closed its deal to go private Thursday and disclosed that Salesforce and Microsoft both bought a stake.
The deal to go private valued Informatica, a key data integration player, at $5.3 billion, or $48.75 a share in cash. The company will be controlled by Permira funds and the Canada Pension Plan Investment Board, but Microsoft and Salesforce Ventures became strategic investors as the deal closed.
Informatica will be led by current chief product officer Anil Chakravarthy. As Chakravarthy becomes CEO, current chief Sohaib Abbasi will be chairman of the board.