PALO ALTO, Calif. – Informatica Corp., a provider of software solutions, went public April 28, offering 2.75 million shares of common stock. The stock priced at the company’s offering price of $16 apiece.
Partech Entities, Bay Partners, Integral Capital, Weiss, Peck & Greer Entities and Discovery Ventures I L.L.C. were venture backers.
There were no selling shareholders. Underwriters include Credit Suisse First Boston, BancBoston Robertson Stephens, Soundview Technology Group and FAC/Equities.
Informatica, incorporated in 1993, designs, develops, markets and supports software solutions for managing line-of-business data marts. The company’s product family includes PowerCenter, PowerMart, PowerPlugs and PowerPartner. AT&T Corp., U.S. Navy, Merrill Lynch, Allstate Insurance, Fox Entertainment Group and Universal Studios are a few of Informatica’s customers.
Proceeds, worth an estimated $44 million, will be used for general corporate purposes.
Arnold Silverman, managing partner of Discovery Ventures, and Vincent Worms, co-president of Partech International Capital, joined the company’s board of directors in September 1995.
Informatica – Selected Financial
(in thousands, except per share data )
Year Ended December 31, Three Months Ended March 31,
1994 1995 1996 1997 1998 1998 1999
Total revenue 457 589 2,060 12,186 28,895 5,638 10,337
Net income (loss) 41 -518 -4,548 -6,764 -7,915 -2,229 -968
Net loss per share* -0.71 -0.08