Informatica (INFA) is the latest technology company to leave Wall Street. The data integration software and services company on Tuesday said it agreed to be acquired for $5.3 billion by a company controlled by Permira Funds and the Canada Pension Plan Investment Board. Under the terms, Informatica shareholders will receive $48.75 in cash for each share of Informatica stock. The deal is expected to close this quarter or next, pending shareholder
Informatica (INFA) has reached its value peak before a likely eventual sale. That’s the conclusion from Rick Sherlund, an analyst for Nomura Securities who reduced his rating on the company to neutral from buy in a report on Sunday. Informatica stock on Friday reached a more than three-year high of 45.45 before closing at 44.57, up 1.6% on a Reuters report that several private equity firms were preparing potential bids after the company had hired
Informatica (INFA) has potential in the cloud and Big Data markets, but there is still much to prove. So concluded Michael Turits, an analyst for Raymond James & Associates, following the investment bank’s Semiconductors, Software and Supply Chain conference on Tuesday in New York. Executives from Informatica were among those giving presentations at the conference. Informatica is a leading provider of data integration software, which aims to help