Data integration and management firm Informatica Corp. has finally concluded a deal to make itself a private company. The $5.3 billion deal was announced this April, and for the first time it can be revealed that Microsoft and Salesforce.com, Inc. have both taken a stake in the firm.

Informatica said investors were paid $48.75 per share for the company, which was previously traded on the NASDAQ exchange. One of the main beneficiaries will be activist investor Elliott Management Inc., which owned 9.4 percent of Informatica’s shares and is widely believed to have orchestrated the move.

Two companies – Primera Funds LLC and Canada Pensions Plan Investment Board (CPPIB) – stumped up most of the cash for Informatica and become its biggest stakeholders. As for Microsoft and Salesforce, their contributions have not been disclosed.

Informatica is the latest in a string of tech companies that have opted to go private as they look to transition to a cloud-based, data driven enterprise computing world. In September 2013, Dell Inc. was bought out by founder Michael Dell and Silver Lake Partners for around $25 billion. Compuware Corp., Riverbed Technology Inc. and TIBCO Software Inc. have all made similar moves in the last few years.

The biggest benefit from going private is it gives a company a chance to undergo painful restructuring away from the spotlight, without having to deal with pressure from investors, who’re often only concerned with seeing growth each quarter. It isn’t immediately clear why Microsoft and Salesforce decided to get involved, but no doubt both firms will see a return on their investment while helping out an important partner.

“The Informatica goal remains to grow into a multi-billion dollar leader in all things data. Now as a private company, with a long view measured in years, not quarters, we will have more flexibility and more time to implement our transformative innovation roadmap and to evolve our business model,” said Sohaib Abbasi, Chairman of Informatica, in a statement.

Informatica has also made a couple of management changes, with Chief Product Officer Anil Chakravarthy assuming the role of CEO from Abbasi. In addition, the company has also brought in Bruce Chizen, previously CEO of Adobe Inc., as a special advisor and board member.

Chakravarthy said in a statement that Informatica’s focus going forward will be on four key innovation areas – namely, cloud integration, Big Data integration, master data management and data security.