History of Informatica in Timeline

Informatica is an American software company specializing in enterprise cloud data management and data integration solutions. Founded in 1993 and headquartered in Redwood City, California, the company was co-founded by Gaurav Dhillon and Diaz Nesamoney. Amit Walia currently serves as the CEO. Informatica's primary focus is providing software for managing and integrating data across various cloud and enterprise environments.

1993: Informatica Inc. founded

In 1993, Informatica Inc., an American software development company specializing in enterprise cloud data management and data integration, was founded by Gaurav Dhillon and Diaz Nesamoney, with its headquarters in Redwood City, California.

April 1999: Informatica's Initial Public Offering

On April 29, 1999, Informatica had its initial public offering on the Nasdaq stock exchange, listing its shares under the stock symbol INFA.

2006: Informatica Announces Cloud Business

In 2006, Informatica announced a "cloud business".

April 2015: Permira and CPPIB to Acquire Informatica

On April 7, 2015, Permira and Canada Pension Plan Investment Board announced that a company controlled by Permira funds and CPPIB would acquire Informatica for approximately US$5.3 billion.

August 2015: Informatica Acquisition Completed

On August 6, 2015, the acquisition of Informatica by Permira and CPPIB was completed with investments from Microsoft and Salesforce Ventures. The company's stock ceased trading on the Nasdaq on the same date.

October 2021: Informatica Returns to Public Trading

On October 27, 2021, Informatica became publicly traded again under the INFA stock symbol, this time listed on the NYSE, opening at $27.55 per share.

June 2023: Informatica Acquires Privitar

In June 2023, Informatica acquired Privitar, which is a data management tool.

November 2023: Informatica Announces Restructuring Plan

In November 2023, Informatica announced a restructuring plan that includes permanently laying off 10% of its workforce and reducing its office space, to focus on its cloud offerings.

2023: Transition to Cloud-Based Offerings and AI-Powered Tool

In 2023, Informatica announced an AI-powered data management tool and began to fully transition to cloud-based offerings.

April 2024: Salesforce in Talks to Acquire Informatica

In April 2024, it was reported that Salesforce was in advanced talks to acquire Informatica at a price below its $11 billion market capitalization at the time; however, the deal was later reported to have been abandoned.