San Francisco-based Salesforce is acquiring the AI-powered cloud data management company Informatica in a deal valued at approximately $8 billion.
The big picture: Shareholders of Informatica will receive $25 per share, representing an 11% premium from the previous day’s closing price of $22.55.
- The acquisition will provide Salesforce with access to Informatica’s data management capabilities, aiming to leverage these capabilities in various sectors such as the public sector, life sciences, health care and financial services.
- Informatica was previously taken private in 2015 by private equity firm Permira and the Canada Pension Plan Investment Board for approximately $5.3 billion before going public again in 2021.
- Both companies’ boards have approved the deal, and the acquisition is expected to be finalized early in Salesforce’s fiscal year 2027.
What they’re saying: “Joining forces with Salesforce represents a significant leap forward in our journey to bring data and AI to life by empowering businesses with the transformative power of their most critical asset – their data,” said Informatica CEO Amit Walia said in a statement. “We have a shared vision for how we can help organizations harness the full value of their data in the AI era.”
