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Salesforce in Advanced Talks to Buy Informatica.

Authors :
Thomas, Lauren
Cooper, Laura
Cimilluca, Dana
Source :
Wall Street Journal - Online Edition. 4/13/2024, pN.PAG-N.PAG. 1p.
Publication Year :
2024

Abstract

Salesforce, a San Francisco-based cloud-based software company, is in advanced talks to acquire Informatica, a data-management software provider based in Redwood City, California. Informatica has seen a significant increase in its market capitalization this year, making it an attractive target for acquisition. Salesforce has a history of making large acquisitions, with Informatica potentially being one of its largest deals to date. Informatica helps companies manage their data across different systems and has recently launched new tools with artificial intelligence capabilities. Salesforce's approach to dealmaking has drawn the attention of activist investors, but the company has taken steps to address their concerns. The potential acquisition of Informatica, along with the prospect of AI enhancing its product offerings, has contributed to a rebound in Salesforce's stock. [Extracted from the article]

Details

Language :
English
Database :
Academic Search Index
Journal :
Wall Street Journal - Online Edition
Publication Type :
News
Accession number :
176926146