Informatica Corp. is being acquired by private equity firms Permira funds and Canada Pension Plan Investment Board for about $5.3 billion.
Under the deal, shareholders of the data and software company will receive $48.75 in cash per share, marking a 10 percent premium to yesterday's closing price of $44.22.
The deal will take the company private and it is expected to be completed in either the second or third quarter.
The Redwood City, California-based company helps other companies organize and store data.
Its shares jumped rose $2.37, or 5.2 percent, to $48.20 on premarket trading.