The long-awaited buy-out of Informatica Corp. has fleshed out this week after months of anticipated deals. For the last few months, Informatica—a New York City-based company that helps businesses organize and analyze large amounts of data—has been in talks with private equity groups and heavily vied-for in auctions. Permira Advisers and the Canada Pension Plan Investment Board have revealed that they have purchased the company for $5.3 billion.
Informatica is in the big data sphere, and thusly a highly prized orgnaization. With revenue of around $1 billion in 2014, the company has been in the spotlight for its value and potential buyers. Its customers include giants such as Western Union, Citrix Systems, American Airlines, and Bank of New York Mellon Corp. An 8 percent stake of Informatica is owned by Elliot Management Corp., an activist hedge fund, the spokespeople for which have said that they support this most recent deal.
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