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      "text": "Industry Recognition:\nNamed \"An Outstanding Customer Service Experience\" by J.D. Power for the fourth consecutive year in the Certified Assisted Technical Support Program.\nNamed a Winner in the Technology & Services Industry Association (TSIA) 2024 for the Leveraging AI in Revenue Generation Workflows and the Innovation in Knowledge Management categories. Named a finalist in the Leveraging AI in Education Services, the Leveraging AI in Professional Services and the Best Practices in Aligning Sales and Customer Success categories.\nNamed a winner in the 2024 Oracle Partner Awards - Global Business Impact Category.\nNamed a Leader in The Forrester Wave™ Enterprise Data Catalogs, Q3 2024.\nAchieved Highest Rating in the Dresner Advisory Services Data Catalog Market Study and Services Master Data Management Market Study, 2024 Edition.\nRecognized as a Top Leader in SPARK Matrix: Enterprise Data Fabric, Q3, 2024.\nRecognized in Q3 2024 Constellation ShortList Metadata Management, Data Catalog, and Data Governance.",
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      "text": "Product Innovation and Business Updates:\nExpanded partnership with Oracle: announced general availability of Informatica's Intelligent Data Management Cloud (IDMC) platform services for Oracle Cloud Infrastructure (OCI) that includes Cloud Data Governance & Catalog, PowerCenter Cloud Edition, and Metadata Scanners for Oracle GoldenGate 23ai.\nAnnounced the availability of Gen AI blueprints for AWS, Databricks, Google Cloud, Microsoft Azure, Oracle Cloud and Snowflake ecosystems. The blueprints include standard reference architectures, prebuilt, ecosystem-specific \"recipes\" and Gen AI model-as-a-service and vector database connectors to minimize Gen AI development complexity and accelerate implementation.\nCelebrated the 20th anniversary of Innovation Labs (iLabs), Informatica's flagship research and development center in Bangalore, India.\nAnnounced the appointment of Mitesh Dhruv to the Board of Directors and Chair of the Audit Committee.\nIthaca Update: As disclosed in the Company's Form 10-Q for the quarter ended June 30, 2024, approximately 33.4 million of our Class A shares are owned by Ithaca L.P. (Ithaca), a limited partnership affiliated with the funds advised by Permira Advisors LLC (Permira). We have been advised that in early November 2024, Ithaca plans to distribute approximately 9.3 million of these shares to certain of its limited partners. The remaining shares will continue to be held by Ithaca, where Permira will continue to retain voting and investment power. The Class A shares to be distributed by Ithaca to its limited partners will be available for immediate resale in the public market at the discretion of the applicable limited partner.\nShare Repurchase Authorization: On October 29, 2024, the Company's Board of Directors (the Board) approved a new share repurchase authorization which enables the company to repurchase up to $400 million of its Class A common stock through privately-negotiated purchases with individual holders or in the open market. This new authorization replaces the prior $200 million repurchase authorization. No repurchases have been made under the existing authorization. A committee of the Board will determine the timing, amount and terms of any repurchase.",
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