CS Alumnus leads Informatica to $5.3 billion buyout

New York Times (April 8) -- The enterprise software company Informatica has agreed to be taken private in a $5.3 billion deal — the largest buyout so far this year. Sohaib Abbasi, the Informatica chairman and chief executive, “has built a great company with a market-leading product portfolio, and today he and his board have delivered truly outstanding value to shareholders,” Jesse Cohn, the hedge fund’s head of equity activism in the United States. Abbasi is an Illinois computer science alumnus. In 2012, he was inducted into the College of Engineering Hall of Fame and served as the College's commencement ceremony.