Informatica gears up for cloud with new CEO

Informatica, which went private last year to pursue a long-term strategy aimed at big data and the cloud, has named a permanent chief executive officer.

Anil Chakravarthy, who has served as acting CEO for the Redwood City data integration company, will lead it as its permanent chief, according to an announcement.

The company, with 3,600 employees worldwide, went private last year following a similar deal for rival Tibco. Informatica agreed to be acquired by a private equity firm and a Canadian pension plan for $5.3 billion. It is also backed by Microsoft and Salesforce Ventures.

“As a public company, there were a lot of near-term constraints from our need to achieve revenue and earnings growth,” Chakravarthy said. “Our ability to invest and make long-term decisions has gone up a lot as a private company.”

It recently released new products designed to tackle the task of integrating applications in the growing thicket of tools used to manage big data.

Chakravarthy joined Informatica in 2013 and before that was with Symantec, where he was executive vice president and chief product officer of the data security firm.

Bruce Chizen, a board member, will become executive chairman. Jim Davis, formerly with SAS, was named chief marketing officer and Doug Barnett, who was with TriZetto before joining Informatica, will become chief financial officer.

Photo: Informatica CEO Anil Chakravarthy (Source: Informatica)

 

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