Latest news with #DataManagement
Techday NZ
6 days ago
- Business
- Techday NZ
Salesforce to acquire Informatica for equity value of USD $8 billion
Salesforce has signed a definitive agreement to acquire Informatica for an equity value of approximately USD $8 billion, net of Salesforce's current investment in Informatica. Under the terms of the agreement, holders of Informatica's Class A and Class B-1 common stock will receive USD $25 in cash per share. The transaction has received approval from the boards of directors of both companies and is expected to close early in Salesforce's fiscal year 2027, pending regulatory clearances and customary closing conditions. Stockholders possessing around 63% of Informatica's voting power have already provided written consent for the deal, which means no further stockholder approval is necessary. Salesforce will fund the acquisition with a combination of existing cash and new debt. The planned acquisition is intended to enhance Salesforce's data foundation, supporting its capabilities in what it describes as agentic artificial intelligence (AI). By integrating Informatica's data catalogue, data integration, governance, quality and privacy controls, metadata management, and Master Data Management (MDM) services with the Salesforce platform, the companies aim to create a unified architecture for intelligent AI agents to operate safely, responsibly, and at scale in enterprise environments. Marc Benioff, Chair and Chief Executive Officer of Salesforce, commented on the agreement: "We're excited to acquire Informatica for approximately $8 billion — uniting the world's #1 AI CRM with the #1 AI-powered MDM and ETL platform. This combination brings together Salesforce's Einstein and Informatica's CLAIRE AI engines to forge the ultimate AI-data platform — trusted, explainable, and built to scale. Together, we'll supercharge Agentforce, Data Cloud, Tableau, MuleSoft, and Customer 360, enabling autonomous agents to act with intelligence, context, and confidence across every enterprise. This is a transformational step in delivering enterprise-grade AI that is safe, responsible, and deeply integrated with the world's data." Benioff added, "This is a transformational step in delivering enterprise-grade AI that is safe, responsible, and deeply integrated with the world's data." Amit Walia, Chief Executive Officer of Informatica, stated, "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. We have a shared vision for how we can help organizations harness the full value of their data in the AI era." Salesforce has outlined that Informatica's cloud-native capabilities — such as its data catalogue, data integration, governance, quality and privacy systems, metadata management, and MDM — will be integrated with Salesforce's platform. The company aims to address challenges of AI at scale by improving data clarity through Data Cloud, supporting AI-driven agents with Agentforce, enhancing Salesforce CRM applications for more personalised experiences with reliable data, providing enriched data streams for MuleSoft, and delivering context-rich insights in Tableau. Steve Fisher, President and Chief Technology Officer at Salesforce, said, "Truly autonomous, trustworthy AI agents need the most comprehensive understanding of their data. The combination of Informatica's advanced catalog and metadata capabilities with our Agentforce platform delivers exactly this. Imagine an AI agent that goes beyond simply seeing data points to understand their full context — origin, transformation, quality, and governance. This clarity, from a unified Salesforce and Informatica solution, will allow all types of businesses to automate more complex processes and make more reliable AI-driven decisions." Upon completion, Salesforce plans to integrate Informatica's technology stack into its ecosystem, including elements such as data integration, quality, governance, and unified metadata for Agentforce, as well as implementing a unified data pipeline with MDM on Data Cloud. Salesforce will continue to support Informatica's development of data management products designed for a range of cloud, hybrid, and multi-cloud environments. Robin Washington, President and Chief Operating and Financial Officer at Salesforce, said, "Our acquisition strategy is methodical, patient, and decisive — targeting transformative assets like Informatica when the calculus aligns to maximize customer success. This proposed acquisition will be a key enabler for Salesforce's next phase of AI-driven growth — and we will move quickly to integrate their capabilities and unlock synergies on a fast timeline, particularly in areas like Public Sector, Life Sciences, Healthcare, and Financial Services. We're laser-focused on accelerated execution to increase our market differentiation and deliver sustained benefits for all Salesforce stakeholders." The acquisition comes as Salesforce plans to further invest in Informatica's ecosystem of data and infrastructure partners, utilising its own marketing and distribution teams to accelerate Informatica's cloud business growth. Bruce Chizen, Informatica Chairman, said, "Permira and CPP Investments partnership with Informatica is clear proof of the benefits of a long-term investing mindset and focus on transformational growth at scale. This exceptional outcome with Salesforce is testament to that philosophy." The transaction is anticipated to be accretive to Salesforce on several financial measures from the second year following closure, including non-GAAP operating margin, non-GAAP earnings per share, and free cash flow, supported by expected cost synergies and increased revenue from a more comprehensive data portfolio. Salesforce does not expect the transaction to impact its capital return programme.
Times of Oman
27-05-2025
- General
- Times of Oman
Ministry of transport organises workshop on Regulatory Framework for National Data Governance and Management
Muscat: The Ministry of Transport, Communications and Information Technology on Tuesday organised a workshop on the 'Regulatory Framework for National Data Governance and Management'. The two-day workshop, attended by representatives of government units and data management specialists, is being held as part of the ministry's efforts to raise public awareness and enhance understanding of the 'Regulatory Framework for National Data Governance and Management'. The opening ceremony was held under the auspices of Dr. Ali bin Amer Al Shidhani, Undersecretary of the Ministry of Transport, Communications and Information Technology for Communications and Information Technology. The workshop seeks to ensure that beneficiaries get first-hand knowledge about the above-mentioned framework and understand its objectives and scope of application, define the roles and responsibilities of government units and provide a detailed account of the required practical training. The workshop included a visual presentation on the 'Regulatory Framework for National Data Governance and Management', which aims to unify practices across government administrative units. It also included in-depth study of the three main documents of the above-mentioned framework. The first document outlines requirements for data governance and management, with the goal of establishing unified and comprehensive practices within government units. It lays emphasis on 13 areas of data governance and management. The second document introduces a "Manual for Establishing a Data Governance and Management Office". It highlights elements necessary for supporting government units in establishing an administrative division specialized in data governance and management, as part of steps towards digital transition. The third document specifies the standard methodology for assessing compliance levels, the implementation priorities and evaluation criteria, with the prime objective of enabling government departments to comply with national data governance and management policies.
Finextra
08-05-2025
- Business
- Finextra
Sr. Technical Account Manager at Amazon Web Services Inc.
Data Science Manager Sr. PNC Bank Managing following activities in Retail Lending Strategy and Planning at PNC: • Drive business outcomes by leading Data Management and Operational Excellence with the PNC RLSP • Lead Data Architecture for Digital Modernization with Retail Lending whilst reducing the Operational Risk • Coordinate alignment between multiple up and down stream stakeholder groups across all businesses and remove ambiguity/roadblocks • Lead end-to-end delivery including architecting, design, development and implementation of process transformation for initiatives in RLSP • Drive business processes forward toward the end-state / destination • Facilitate a well-managed culture throughout Enterprise by assisting in processes, programs, project and controls • Identify value additions and initiatives required to get from the current state to the end state • Assess feasibility and level of effort for process changes required by new products and services and driving implementation • Organize initiatives
