Credited from: INDIATIMES
Salesforce announced its agreement to acquire Informatica for about $8 billion, aiming to boost its AI capabilities and data management prowess. Holders of Informatica's common stock will receive $25 in cash per share, representing a roughly 30% premium over recent closing prices, according to Channel News Asia, Le Monde, and India Times.
The acquisition deal marks Salesforce's significant return to large-scale mergers since acquiring Slack Technologies and reflects the growing emphasis on artificial intelligence in the tech sector. Marc Benioff, CEO of Salesforce, stated, "Together, Salesforce and Informatica will create the most complete, agent-ready data platform in the industry," as reported by Los Angeles Times and Anadolu Agency.
Salesforce plans to leverage Informatica’s advanced data management tools to enhance its offerings in sectors such as healthcare, government, and financial services. This will enable Salesforce to deploy advanced AI solutions capable of more efficient and responsible task handling, aligning with trends towards data transparency and regulatory compliance, according to India Times and Los Angeles Times.
Following the announcement, shares of both companies saw a rise, indicating investor optimism surrounding the acquisition. Informatica's stock jumped significantly while Salesforce experienced a modest increase, as reflected in their respective market performances, noted by Channel News Asia and India Times.