The deal that is approximately $5.3 billion states that Informatica will be acquired by a company that is controlled by CPPIB and Permira. According to the terms of the agreement, Informatica shareholders will receive $48.75 in cash for each share of Informatica common stock.
Informatica is known as the leader in several technology categories, including Cloud Technologies, Data Integration for Big Data initiatives, and MDM Solutions. The company’s growth strategy is to be the best in all geographic regions and to grow across customer data initiatives and of course to assume leadership in all things data.
“After careful consideration and deliberation of strategic alternatives, our Board of Directors unanimously concluded that the sale of Informatica to the Permira funds and CPPIB is in the best interest of all Informatica stakeholders,” said Sohaib Abbasi, chairman and chief executive officer, Informatica. “While delivering immediate compelling value to our shareholders, we remain committed to the long-term success of our customers, partners, and employees. Permira and CPPIB share both our vision for Informatica to power the data-ready enterprise and our conviction in sustained long-term growth.”
“Informatica is an outstanding company and a clear leader in the essential field of enterprise data solutions,” said Brian Ruder, a Permira Partner and Co-Head of the firm’s Technology Sector Team. “We are very excited about the Company’s ongoing transition to cloud and subscription based services, as well as its continued pursuit of four separate billion dollar market opportunities in cloud integration, master data management, data integration for next generation analytics, and data security. In addition, we look forward to working with this talented team of dedicated employees and CPPIB to grow the business and achieve Informatica’s highest potential.”
“This transaction represents an excellent opportunity to acquire a market-leading enterprise data integration solutions provider,” said Mark Jenkins, Senior Managing Director & Global Head of Private Investments, CPPIB. “Informatica’s differentiated suite of software solutions, stable base of recurring revenues and strong potential for future growth make this a highly attractive investment for CPPIB. We look forward to partnering with the Informatica team and the Permira funds to accelerate the Company’s growth and to support Informatica’s continued market leadership in product innovation.”
The Board of Directors of Informatica has unanimously approved the merger recommend that Informatica shareholders will adopt the agreement. The transaction is expected to be completed in either the second or third quarter of 2015 and is subject to receipt of shareholder approval as well as customary regulatory approvals.
About Informatica Corporation
Informatica Corporation is a software development company which started in 1993. Its headquarters are in Redwood City, California. Founded by Diaz Nesamoney and Gaurav Dhillon. The company’s chairman and CEO is Sohaib Abbasi.The software company has popular products such as Cloud Integration, Complex Event Processing, Data Masking, Data Quality, Data Replication, Data Virtualization, Master Data Management, Ultra Messaging.
The Informatica Marketplace was launched in 2010 with products and services such as data integration eco-system for Informatica and its partners to share and leverage data integration solutions. Informatica features over 1,300 pre-built mappings, templates, connectors and add-ons for data integration and cloud data integration products. Informatica stock market evolution: http://www.nasdaq.com/symbol/infa
About Permira Funds
Permira is a European equity company, founded in 1985. Since 1985 the Permira funds have made nearly 200 private equity investments. Permira specializes in five sectors: Consumer, Financial Services, Healthcare, Industrials and TMT (Technology, Media, and Telecommunications). At present there are 25 companies in the Permira portfolio. The firm has approximately 120 professionals. Permira teams are based in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Stockholm and Tokyo. Permira is led by two co-managing partners Kurt Björklund and Tom Lister.
About Canada Pension Plan Investment Board (CPPIB)
The Canada Pension Plan Investment Board (CPPIB) manages more than C$238 billion in investment assets of Canada Pension Plan which is pension plans for eighteen million Canadians. Under former Canadian Finance Minister Paul Martin, the CPP Investment Board started in 1997 as an organization independent of the government. Its job was to monitor and invest the funds held by the Canada Pension Plan (CPP). The CPP Investment Board created the CPP Reserve Fund. CPP Investment Board is a crown corporation through an Act of Parliament. It presents reports its performance on a quarterly basis and has a professional management team to oversee the operation of all the aspects of the CPP reserve fund. It is important in planning changes in direction, along with a directorial board which is responsible but independent from the federal government.