Salesforce agrees to $8 billion tech acquisition
San Francisco-based Salesforce, the city's largest private employer, is paying an approximately 11% premium over Redwood City-based Informatica's Friday closing price.
Salesforce said the deal would enhance its data compliance and security products. It plans to integrate Informatica's tech stack including data integration, governance and other tools into its Agentforce AI products.
The deal is set to close in early 2027, and subject to regulatory approval.
'This is a transformational step in delivering enterprise-grade AI that is safe, responsible, and deeply integrated with the world's data,' Salesforce CEO Marc Benioff 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,' said Informatica CEO Amit Walia in a statement.
Informatica shares were up 6% on Tuesday to a market capitalization of $7.2 billion at market close. Salesforce shares rose 1.49% on Tuesday to a market capitalization of $265.6 billion at market close.
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