CPPIB-backed Informatica expects valuation to double in five years: Reuters

Informatica Corp, a privately-held software developer, said it expects its valuation to double to at least US$10 billion in the next five years, driven by investments in big data and cloud computing, Reuters reported. The Redwood City, California-based company was taken private last year by Permira and the Canada Pension Plan Investment Board for about US$5.3 billion. Informatica is aiming to go public again in early 2019, Chief Product Officer Amit Walia told Reuters in an interview.

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