From Investing.com: 2024-04-15 04:24:02

Salesforce CEO Marc Benioff is eyeing Informatica for a major acquisition to boost data integration capabilities. Talks are in progress, with a potential deal announcement imminent. Informatica shares surged 4% while Salesforce dipped 2.5%.

Informatica, valued at $11.4 billion, presents a significant opportunity for Salesforce to solidify its position in data management. Analysts believe the acquisition could drive further industry consolidation and attract regulatory scrutiny.

Salesforce has faced pressure from activist investors like Elliott Management. The company avoided a proxy battle last year through strategic changes. Informatica, on the other hand, has seen a 36% rise in its shares this year with projected revenue growth to $1.7 billion.

The potential Informatica acquisition could rival Salesforce’s past major deals like the $14 billion Tableau Software purchase and the $27 billion Slack Technologies acquisition. Informatica’s enterprise value exceeds $12 billion.

Overall, this move could strategically position Salesforce in data management and integration, paving the way for potential growth opportunities in the software industry.



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