After an acquisition and a decision to go private, Informatica has finished a massive executive shuffle.
This past year has seen an incredible number of changes for software company Informatica. Alongside these changes included the shuffling and recruiting of a handful of new executives, including giving the title of CEO officially to Anil Chakravarthy, who assumed the role of interim CEO in August 2015. Rather than working his way up through the ranks of Informatica, however, Chakravarthy was brought in from Symantec, where he had worked for almost a decade. New Executive VP Jim Davis was also brought in from SAS, an analytics company where he had worked for over 20 years. Other external recruits include the company's new Chief Financial Officer Doug Barnett (previously CFO at TriZetto Corp), and Senior VP Ginna Raahauge (previously from Riverbed).
Last year, the company decided to go private in a $5.3 billion deal with Permira and Canada Pension Plan Investment Board. "As our industry is transforming, out customer preferences are evolving from traditional licensing models to pay-for-use subscription pricing," wrote Informatica's now-CEO on an official blog post, "Informatica as a private company is well-positioned to deliver transformative innovation and evolve our business model." Other heavy-hitting investors since the company went private are Microsoft and Salesforce. With its new executive line-up, the company is certainly ready to expand into newer operations and offer evolved services to match the needs of its developing client base.
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