Salesforce to Acquire Informatica in $8 Billion Deal
Salesforce Inc has entered into an agreement to acquire Informatica, a cloud data management company valued at approximately $8 billion. The acquisition is expected to enhance Salesforce’s capabilities in artificial intelligence and data management.
Key Details of the Acquisition
- Salesforce will acquire Informatica for approximately $8 billion
- The acquisition is expected to enhance Salesforce’s capabilities in artificial intelligence and data management
- The deal marks a major expansion for Salesforce in the technology sector
Financial Projections
Analysts expect Salesforce to report a 4% increase in adjusted earnings-per-share and 7% growth in revenue when the company releases its first-quarter earnings. The company’s stock price has been volatile, with a 52-week high of $369 and a low of $212.
Market Impact
The acquisition is seen as a strategic move to boost Salesforce’s presence in the enterprise AI market. The deal is expected to drive growth for the company and enhance its capabilities in artificial intelligence and data management.