Salesforce Inc. Acquires Informatica

Salesforce Inc. has completed its acquisition of Informatica, a data management company. The acquisition price was $25 per share, as stated by Permira’s co-CEO Brian Ruder.

Security Concerns

Salesforce has faced security concerns due to a modified app being exploited by hackers to steal data and extort companies. Google has warned that a hacking group, loosely affiliated with the Com in several countries, has breached over 20 companies in the US and Europe to steal Salesforce data.

Recent Developments

• The hacking group has targeted retailers, prompting advisories to be vigilant.
• Salesforce has reportedly exceeded expectations and increased its forecast, potentially marking the beginning of a new growth phase.

Financial Performance

Salesforce’s acquisition of Informatica has been completed, and the company has reportedly exceeded expectations. The acquisition price was $25 per share, as stated by Permira’s co-CEO Brian Ruder.