Salesforce has acquired Cloud Data Management firm Informatica in the $ 8 billion equity deals, marking its AI and data infrastructure capabilities, marking a major step in its push.
Announcement made on Tuesday, almost a year after the initial rumors of the acquisition, the prices of stocks of both companies sent ReportAt that time, informatica rejected It was for sale, but a lot can change in a year.
Under the terms of the deal, the salesforce will pay $ 25 per share for class A and Class B-1 Common Stock, while adjusting for its pre-investment in the company.
Informatica was established in 1993 and works with more than 5,000 customers in more than 100 countries. The company had $ 7.1 billion Market cap at the time of publication.
The company’s press release said that the company’s press release said that by giving more data infrastructure and governance to the company, its AI agents “safely, responsibly and in modern enterprises”.
Salesforce CEO Mark Benioff said in a press release, “Together, we will supercharge agents, data clouds, tableaux, vals and customers 360, which enables autonomous agents to act with intelligence, reference and confidence in every enterprise.” “It is a transformative step in distributing enterprise-grade AI that is safe, responsible and deeply integrated with the world’s data.”
The route of this deal began in April 2024, when the report came to light that the salesforce had monitored the informatica. The market response was fast – the shares of both companies submerged with a difficult integration or fear of strategic mismatch. Informatica later issued a public statement refusing to discuss any sales. But the one who seemed to be so once is now official.
Informatica The first data management company Salesforce has acquired in the previous year. In September, salesforce 1.9 billion dollars snatched your own company for cash,
“Data security has never been more important,” Saleforce general manager Steve Fisher said in a press release at that time, and our own proven expertise and products will increase our ability to provide strong data security and management solutions to our customers. “
Techcrunch has reached salesforce for more information.
