Informatica

Performance indicators

2019: Revenue exceeded $1 billion for the first time; change of CEO

In early January 2020, Informatica announced that it had earned more than $1 billion for the first time in a year. At the same time, a change in the CEO of the company was announced: he was appointed Amit Walia, who had long worked in the camp of an enterprise software manufacturer.

Valia served as president of the production and marketing company and took over the reins from former CEO Anil Chakravarthy. The appointment of Valia to this position was only one of the manifestations of a wider revision of the management top of the company - at least two more senior leaders were nominated for new positions.

Tracey Newell will take on the role of president of global marketing operations, while Vineet Valia, director of strategic development and senior vice president of the company, has been named executive vice president.

Amit Valia - New CEO

The changes to the company's management team were announced after Informatica reached a new symbolically significant milestone of development. The company said it is ending 2019 with sales of $1.3 billion, of which more than $1 billion are recurring revenues.

Informatica has spent several years modernizing its portfolio of offerings and introducing it as a more modern and more profitable cloud-based subscription model. This modernization program has been led by Chakravarti since he took over the company in 2015. Now Valia, who has already presented Informatica's plans in a media interview, will be responsible for further growth and development of the company. Valia drew attention to the importance of AI in automating data management and emphasized the central role of machine learning in the company's development plans.^[1]

2011

Total revenue in 2011 increased by 21% compared to 2010 to $783.4 million. · Revenue from license sales for the whole of 2011 increased by 20% compared to 2010 to $353.7 million. In 2011, 128 transactions were concluded in excess of $300,000 each and 22 transactions in excess of $1 million.

Products and Services

Informatica in Russia

Data Integration Software is an authorized distributor of Informatica in Russia and the CIS countries.

History

2023:7% staff reduction

On January 9, 2023, Informatica's documentation sent to the US Securities and Exchange Commission (SEC) was released. The BigData tools company announced that it is forced to cut staff by about 7%.

According to published data, by the beginning of January 2023, Informatica employs more than 5,500 employees around the world. As part of the reorganization, approximately 450 people will be laid off. It is said that this initiative is aimed at more efficient use of the global labor force. In addition, reducing the number of employees will allow the company to reduce financial costs in accordance with strategic priorities focused on cloud technology and current business needs.

Informatica CEO Amit Walia

Informatica said the layoffs "will be almost fully completed by the end of the first quarter of 2023." This step will lead to one-time expenses in the amount of $25 million to $35 million - they will mostly be reflected in the results of the first quarter of 2023. Dismissed employees will receive cash payments. The downsizing will affect Informatica's divisions in various regions.

To fully transition to a cloud-based organization, we need to be flexible, which means downsizing and simplifying our structure. Today I share the unpleasant news that we are abolishing positions in several business departments, which will affect approximately 7% of our colleagues. Outgoing employees will receive generous financial, medical and career support, "said Informatica CEO Amit Walia.

As part of the reorganization, the management of the company will also be changed. Chief Financial Officer Eric Brown resigns: he will be replaced by Michael McLaughlin, who took over as CFO and executive vice president of Informatica effective January 16, 2023.^[2]

2021: Entering the NYSE

At the end of October 2021, Informatica again became a public company, placing its shares on the New York Stock Exchange under the symbol INFA. Leading underwriters of the IPO were Goldman Sachs & Co and JP Morgan.

On the day Informatica went public - October 27, 2021 - the stock price stopped at just under $29, while trading began at a price of $27.55. As part of the listing, the company sold 29 million shares at a price of $29, withdrawing $841 million. The price range expected was between $29 and $32 per share.

Informatica went public

We had several tasks in terms of transformation, and we completed them all! We wanted to create a platform and new products, and all of them have already been created... 90% of our income is recurring income. The other 10%, it's services and it's always going to be like that and also number three, it's partnerships that we have. We are at this hub in the data world, partnering with Snowflake or Microsoft Azure, GCP, AWS or Azure Data bricks. After six years as a private company, Informatica's return to Wall Street marks its transformation into a cloud-focused business, said Informatica CEO Amit Walia.

In 2021, the company launched a microservice-based cloud SaaS-predlozhenie Intelligent Data Management Cloud (IDMC). According to Valia, the cloud platform now serves 22 trillion transactions per month, doubling every 6, 12 months, and every new Informatica business is focused on the cloud. However, how much of the installed base has retained its licenses and continues to pay maintenance fees. Valia called this base a strategic asset with high license renewal rates and customers performing serious operating loads.

After automating the migration process as much as possible, Informatica is seeing excellent early results in converting maintenance revenue, Valia said. Amit Valia separately noted that he sees this as a medium-term opportunity, because it is obvious that some customers will never switch to cloud technologies. But a significant part will go, and Informatica helps them reduce the risk of transition and our customers appreciate this very much when working together.^[3]

2020

GreenBay Technologies Purchase

In September 2020, Informatica announced the purchase of GreenBay Technologies. The company chose to keep the financial and other terms of the deal secret. Read more here.

Purchase of Compact Solutions Data Management Software Developer

In early July 2020, Informatica announced the acquisition of data management software developer Compact Solutions. Read more here.

2015: Informatica quits exchange

On April 7, 2015, the sale of Informatica shares to private investors was announced. As a result of this transaction, the manufacturer of data integration systems will cease to be a public company.

Informatica management accepted a proposal from a consortium including Permira Advisors Investment Fund and the Canadian Pension Fund CPPIB (Canada Pension Plan Investment Board). They will pay $48.75 for each Informatica security, while its exchange value by the end of the trading day on April 6, 2015 was $45.83.

Informatica leaves the exchange

Data integration systems maker Informatica sold to private investors for $5.3 billion

The privatization of Informatica will cost private investors $5.3 billion, which is slightly more than the company's market capitalization at the time of the announcement of the transaction (just over $5 billion). According to The Wall Street Journal (WSJ), the purchase of Informatica became the largest LBO deal (financing the redemption of a controlling stake in the company using borrowed funds) in the American market in 2015. The financial adviser to Informatica was Qatalyst Partners, and the legal adviser was Wilson Sonsini Goodrich & Rosati.^[4]

In January 2015, the WSJ wrote that Informatica had attracted investment bankers and began negotiations with potential buyers with them. At the same time, the hedge fund Elliott Management, which at that time owned about 8% of Informatica's shares, called the company "greatly undervalued" and initiated negotiations with its management and board of directors to discuss "steps to maximize shareholder value." In February 2015, Elliott increased its stake in Informatica to 9.4%.

It is worth noting that Informatica was far from the first manufacturer of corporate software to leave the exchange as a result of the buyback of shares by individuals. At the end of 2014, such transactions were concluded by Compuware ($2.5 billion), Riverbed Technology ($3.6 billion) and Tibco Software ($4.3 billion). The first two were bought out after interest in their stock was shown by hedge fund Elliott.

2010: Year-over-year sales growth 30% to $650m

• Financial indicators for the IV quarter of 2010 and 2010 year as a whole. Key indicators:
  • Q4 2010 revenue was 198mn. dollars, which is 31% higher than in 2009
  • Total revenue in 2010 increased from 2009 by 30% to $ 650.1 million
  • Revenue from the sale of licenses in the 4th quarter of 2010 increased by 40% compared to 2009 and amounted to 100.2 million. dollars
  • Revenue from the sale of licenses for the whole of 2010 increased by 38% compared to 2009 and amounted to 295.1 million. dollars

• In Q4, 108 contracts were signed for $300,000 each. Renegotiated with 429 customers. Customers continue to invest heavily in Informatica solutions. Repeated agreements are made with companies including: Cummins Energy Company, Hong Kong Hospital Authority, RGA Reinsurance Group of America, Shire Pharmaceuticals, Telekom Slovenije and Xcel Energy Services. An agreement has been concluded with 82 new customers. Informatica increased the number of its customers to 4,282 companies. New customers include companies such as Asia Gateway Healthcare Information Tech, Fundo Nacional de Desenvolvimento da Educação, Indian Oil Company, National Cancer Screening Service, Reliance Steel & Aluminum and Syngenta Crop Protection. A partnership was formed with Cloudera for large-scale data management. Informatica is a partner in a leading provider of data management software and services, offering companies solutions for managing complex complex data. • The best data integration vendor (according to salesforce.com 's AppExchange Best of "10 Awards). For the third year in a row, the Informatica Cloud platform was recognized as the number 1 customer for the best product quality and for the highest level of customer satisfaction among buckets in the field of data integration.

• Publicly available to Informatica 9 Master Data Management (MDM) announced. Informatica announced the opening of a common access to the latest version of the market leading MDM product - Informatica 9 MDM. Tightly integrated with the single Informatica 9 platform, Informatica 9 MDM includes support for MDM applications, continuous support for critical business processes, and integrated business process management (BPM).

• Recognition of leadership in quality assurance of corporate data. Forrester, in its report "The Forrester Wave: Enterprise Data Quality Platforms, Q4 2010," identified Informatica as a Leader in Data Quality Assurance. According to the report, the leaders "offer understandable, innovation-oriented products to ensure data quality." Forrester also stated: "Informatica ensures that the newly included Informatica Data Quality solution has the same architecture as the world-recognized Informatica PowerCenter product.

2009

Takeover of Siperian

In 2009, Siperian, a leader in master data infrastructure management (MDM), was acquired.

Launch of Informatica 9 and Informatica Cloud 9

Launch of the Informatica 9 platform. Informatica 9 is the first and only data integration platform that creates an enterprise data-driven enterprise through business-IT interoperability, built-in data quality assurance, and SOA-based data services. The platform combines products of six categories: o enterprise data integration, o data quality, o B2B solutions, o information lifecycle management (ILM), o comprehensive event management, o cloud-computing technologies.

Launch of Informatica Cloud 9. A cloud integration offering consisting of Informatica Cloud Platform, an enterprise data integration and cloud-as-a-service service platform, and Informatica Address Quality Cloud Services running on Amazon EC2.

Getting SWIFT Certificate

SWIFT certificate received. Having passed the SWIFTeady MDS tests of the SWIFT Worldwide Interbank Communications Society, the Informatica platform received the status of one of the most technically advanced solutions in the categories defined by SWIFT.

Share repurchase for $50 million

A share buyback of 50 million was announced. dollars Informatica's board of directors approved a $50 million buyback of the corporation's shares, including buybacks of shares issued in circulation and securities. From time to time, purchases can be made on the open market and will be financed from available working capital. The number of shares purchased and the timing of purchases will depend on several factors, including the company's share prices, overall business and market health, and other investment opportunities.

Sales growth of 10% to $0.5 billion

In 2009, the corporation's revenues were $500.7 million, a 10% increase from 2008 ($455.7 million). Net GAAP profit for 2009 was $64.2 million, down from $56 million. 2009 was the fifth consecutive record year in Informatica's development history.

Notes