Dive Brief:

• Microsoft and Salesforce joined private-equity investors Permira Advisers LLC and the Canada Pension Plan Investment Board for a leveraged buyout of Informatica Corp.

• Informatica had revenue of about $1 billion and grew 11% last year.

• The roughly $5.3 billion buyout “reflects the ways in which the business software market is being reshaped by the importance of data,” according to The Wall Street Journal.

Dive Insight:

Informatica’s strong growth proves there is growing demand among businesses for its services, which help companies organize and analyze big data.

For CIOs, managing infrastructure has become more complex because users can now access data on mobile devices, according to Informatica CIO Ginna Raahauge.

“You see us talk about topology not just of infrastructure, but we also want to find out how application architecture has been designed,” Raahauge said.