Informatica may have had more success in large deals in Q4, says JMP Securities After conducting checks, JMP Securities believes that Informatica may have had more success in making large deals last quarter "than it has seen for some time." The firm expects the company's Q4 EPS to surpass the consensus estimate and its 2013 EPS estimate is also slightly above the consensus. The firm keeps an Outperform rating on the shares.
Informatica holders approve acquisition by Permira Funds, CPPIB Informatica announced that at the special meeting of Informatica's stockholders held on June 23, its stockholders had approved the previously announced acquisition of Informatica by the Permira funds and the Canada Pension Plan Investment Board, or CPPIB. The transaction is expected to be completed in Q3, subject to the receipt of certain regulatory approvals and the satisfaction of other customary closing conditions.