US-based software provider Informatica has been acquired by investment firm Permira and Canada Pension Plan Investment Board (CPPIB) for $5.3bn, securing funding from computing firm Microsoft and cloud computing company Salesforce.com in the process.
Salesforce invested through its corporate venturing unit Salesforce Ventures, while Permira and CPPIB conducted the acquisition through an unnamed company they jointly control.
Informatica’s shares have ceased trading on the Nasdaq stock exchange, with shareholders receiving $48.75 in cash per share. The company had begun trading in 1999.
The sizes of Microsoft’s and Salesforce’s respective stakes or their respective investments have not been disclosed.
Founded in 1993, Informatica provides a range of software tools for various applications such as big data, cloud integration and data security.
Sohaib Abbasi, chairman of Informatica, said: “The Informatica goal remains to grow into a multi-billion dollar leader in all things data.
“Now as a private company, with a long view measured in years, not quarters, we will have more flexibility and more time to implement our transformative innovation roadmap and to evolve our business model.”