Informatica starts trading today on the NYSE as a cloud-first company!
Today is a huge milestone for us. I want to personally thank all of our customers, partners, and the data community across the globe for helping us achieve this landmark event.
Organizations today know they need to digitally transform to succeed. The ability to overcome data fragmentation and to democratize data in a trustworthy way are critical to digital transformation. But these initiatives are the hardest to execute upon. Ninety-two percent of firms recently surveyed were accelerating investments in data and AI projects, yet only 29% say they attained transformational business outcomes.1
Why the gap? To get true value from their data, organizations need to manage and govern it. This is where Informatica comes in. We are at the nexus of all things related to digital transformation. This IPO will only help us accelerate our bold vision and strengthen our ability to scale.
Focus on Innovation
As one of the fastest-growing SaaS businesses, we focus maniacally on innovation to develop solutions for increasingly complex data management challenges. We pioneered and built the industry's only AI-embedded, cloud-native data management platform, the Intelligent Data Management Cloud (IDMC). Powered by our AI engine, CLAIRE, IDMC manages any data, across any cloud – multi-cloud or hybrid – processing 22 trillion transactions each month.
Our robust revenue growth is the result of our cloud-first, cloud-native, customer-centric innovation. As a market leader in enterprise cloud data management, we are a leader in 5 Gartner® Magic Quadrant™ reports.2 Our unparalled innovation focus has allowed us to more than double our total ARR since 2015 to $1.2B, and we have an industry leading customer renewal rate of 93%+.
The Platform of Choice for the Fortune 100
We share this milestone with our customers and partners. We are passionate about helping over 5,000 customers around the world and across industries achieve business results with data management. From data and app integration, master data management and data quality to customer 360, data governance, and data privacy, IDMC is the preferred platform for 84 of the Fortune 100 customers.
And because we are investing continuously in best-in-class customer success, we have award-winning customer success and support. This year we recognized some of our valued customers through our Innovation Awards, including Banco ABC Brasil, Biogen, Celcom, Discount Tire, Johnson and Johnson, and NYC Health + Hospitals. We also recognized chief data officers from innovative companies, including Anthem, Eli Lilly, VMware, and Westpac New Zealand.
We have strategic partnerships with top-tier global system integrators, such as Accenture, Capgemini, Cognizant, Deloitte, Infosys, KPMG, TCS, and Wipro. And we partner with leading cloud platform and technology providers, including Microsoft Azure, Snowflake, Google Cloud Platform, AWS, and Databricks.
Proud to Be a Values-Led Company
I believe that we owe our success to our values-led approach. We believe values are not just about building the best product. They are about who we are. Informatica's values are captured in a single word, DATA: “Do good,” “Act as one team,” “Think customer-first,” and “Aspire to innovate.” That's what makes us the company of the future.
As we go public, I want to thank our investors, CPP Investments and Permira. I also want to thank you once again for being a part of our innovation journey and celebrating this monumental occasion. We couldn’t have done it without you and look forward to continuing this journey with you and to a bright future.
2Gartner Magic Quadrant for Enterprise Integration Platform as a Service, Eric Thoo, Keith Guttridge, Bindi Bhullar, Shameen Pillai, Abhishek Singh, September 29, 2021.
Gartner Magic Quadrant for Data Integration Tools, Ehtisham Zaidi, Robert Thanaraj, Eric Thoo, Sharat Menon, Nina Showell, August 25, 2021
Gartner Magic Quadrant for Data Quality Solutions, Melody Chien, and Ankush Jain, September 29, 2021.
Gartner, Magic Quadrant for Master Data Management Solutions, Simon Walker, Sally Parker, Malcolm Hawker, Alan Dayley, Divya Radhakrishnan, January 27, 2021
Gartner, Magic Quadrant for Metadata Management Solutions, Guido De Simoni, Mark Beyer, Ankush Jain, Alan Dayley, 11 November 2020.
The Gartner document is available upon request from Informatica.
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