Informatica acquires Privitar, once valued at $400M, to expand its data management stack
https://techcrunch.com/2023/06/14/informatica-acquires-privitar-once-valued-at-400m-to-expand-its-data-management-stack/
One of the recurring themes in the area of enterprise IT these days is consolidation, and today we’re getting another dose of it in the area of enterprise data management. Informatica — which provides a set of tools to enterprises to analyze, manage and share data across their organizations — is acquiring Privitar, a startup out of the U.K. that focuses on building and providing data access controls. The acquisition will sit within Informatica’s larger data stack, which it sells as the “intelligent data management cloud.”
Terms of the deal are not being disclosed. Privitar notably had raised over $150 million in funding since first being founded back in 2014, from investors that included Accel and Warburg Pincus as well as strategics like Salesforce, HSBC and Citigroup. Its last valuation was over $400 million.