Informatica, founded in 1993, was acquired by Salesforce for $8 billion after two IPOs and a private equity buyout.
Lessons learned from Informatica's 32-year journey include market timing, importance of AI infrastructure credibility, and focus on long-term growth.
Despite a peak market cap of around $10 billion in 2021, Informatica's acquisition in 2025 at $8 billion shows market fluctuations and compressed multiples.
Permira's private equity strategy with Informatica involved a 10-year hold period, cloud transformation, and operational model shift from license to SaaS.