Staff
The Canada Pension Plan Investment Board (CPPIB), together with European private equity firm Permira, has completed the purchase of business software company Informatica.
A company controlled by CPPIB and Permira has acquired the California-based Informatica for US$5.3 billion.
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Informatica specializes in areas such as cloud and data integration for Big Data projects.
“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,” says Sohaib Abbasi, Informatica’s chairman.