Latest news with #SteveFisher
Yahoo
6 days ago
- Business
- Yahoo
Salesforce (CRM) to Acquire Informatica in $8 Billion Cash Deal
Salesforce (CRM, Financials) said Tuesday it will acquire cloud data management firm Informatica (INFA, Financials) in an all-cash transaction valued at $8 billion, or $25 per share for holders of Informatica's Class A and B-1 stock. Shares of Informatica rose over 5% on the day, while Salesforce gained about 1% following the announcement. Bloomberg had earlier reported on deal talks Friday, pushing Informatica's shares up more than 17% ahead of confirmation. The move is part of Salesforce's broader artificial intelligence strategy, aiming to integrate Informatica's data cataloging, governance, and privacy tools with its new AI agent platform, Agentforce. Salesforce said the transaction will be funded using a mix of existing cash and new debt. Salesforce Chief Technology Officer Steve Fisher said the deal enables the company to deliver truly autonomous, trustworthy AI agents through more robust data integration. CEO Marc Benioff added that Informatica will work in tandem with Salesforce's Data Cloud, MuleSoft, and Tableau units to improve automation across enterprise applications. The acquisition continues Salesforce's multi-year expansion push, which previously included Slack ($27.7 billion in 2021), Tableau ($15.7 billion in 2019), and MuleSoft ($6.5 billion in 2018). Investors may watch for regulatory clearance and integration milestones, especially around Agentforce's future monetization and uptake. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Salesforce (CRM) to Acquire Informatica in $8 Billion Cash Deal
Salesforce (CRM, Financials) said Tuesday it will acquire cloud data management firm Informatica (INFA, Financials) in an all-cash transaction valued at $8 billion, or $25 per share for holders of Informatica's Class A and B-1 stock. Shares of Informatica rose over 5% on the day, while Salesforce gained about 1% following the announcement. Bloomberg had earlier reported on deal talks Friday, pushing Informatica's shares up more than 17% ahead of confirmation. The move is part of Salesforce's broader artificial intelligence strategy, aiming to integrate Informatica's data cataloging, governance, and privacy tools with its new AI agent platform, Agentforce. Salesforce said the transaction will be funded using a mix of existing cash and new debt. Salesforce Chief Technology Officer Steve Fisher said the deal enables the company to deliver truly autonomous, trustworthy AI agents through more robust data integration. CEO Marc Benioff added that Informatica will work in tandem with Salesforce's Data Cloud, MuleSoft, and Tableau units to improve automation across enterprise applications. The acquisition continues Salesforce's multi-year expansion push, which previously included Slack ($27.7 billion in 2021), Tableau ($15.7 billion in 2019), and MuleSoft ($6.5 billion in 2018). Investors may watch for regulatory clearance and integration milestones, especially around Agentforce's future monetization and uptake. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Salesforce (CRM) to Acquire Informatica in $8 Billion Cash Deal
Salesforce (CRM, Financials) said Tuesday it will acquire cloud data management firm Informatica (INFA, Financials) in an all-cash transaction valued at $8 billion, or $25 per share for holders of Informatica's Class A and B-1 stock. Shares of Informatica rose over 5% on the day, while Salesforce gained about 1% following the announcement. Bloomberg had earlier reported on deal talks Friday, pushing Informatica's shares up more than 17% ahead of confirmation. The move is part of Salesforce's broader artificial intelligence strategy, aiming to integrate Informatica's data cataloging, governance, and privacy tools with its new AI agent platform, Agentforce. Salesforce said the transaction will be funded using a mix of existing cash and new debt. Salesforce Chief Technology Officer Steve Fisher said the deal enables the company to deliver truly autonomous, trustworthy AI agents through more robust data integration. CEO Marc Benioff added that Informatica will work in tandem with Salesforce's Data Cloud, MuleSoft, and Tableau units to improve automation across enterprise applications. The acquisition continues Salesforce's multi-year expansion push, which previously included Slack ($27.7 billion in 2021), Tableau ($15.7 billion in 2019), and MuleSoft ($6.5 billion in 2018). Investors may watch for regulatory clearance and integration milestones, especially around Agentforce's future monetization and uptake. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Salesforce to acquire Informatica for $8bn
Salesforce has agreed to acquire Informatica, an AI-powered cloud data management company, in a deal valued at approximately $8bn in equity. The deal excludes Salesforce's current investment in the company. Under the terms of the agreement, Informatica's Class A and Class B-1 common stockholders will receive $25 per share in cash. The acquisition aims to strengthen Salesforce's data infrastructure to support the development and deployment of agentic AI technologies. Informatica's offerings, which include data cataloguing, integration, governance, privacy, metadata management, and master data management, are expected to complement and extend Salesforce's capabilities. Salesforce intends to integrate Informatica's technology across its platform, embedding its data tools within the Agentforce AI stack and the Data Cloud pipeline. Salesforce president and chief technology officer Steve Fisher said: 'Truly autonomous, trustworthy AI agents need the most comprehensive understanding of their data. The combination of Informatica's advanced catalogue and metadata capabilities with our Agentforce platform delivers exactly this.' The deal will also see continued support for Informatica's strategy of developing AI-driven data management solutions. Salesforce chair and CEO Marc Benioff said: 'Together, Salesforce and Informatica will create the most complete, agent-ready data platform in the industry. 'By uniting the power of Data Cloud, MuleSoft, and Tableau with Informatica's industry-leading, advanced data management capabilities, we will enable autonomous agents to deliver smarter, safer, and more scalable outcomes for every company, and significantly strengthen our position in the $150bn-plus enterprise data market.' The firm intends to invest in Informatica's ecosystem of data and infrastructure partners. By leveraging full strength of marketing and distribution teams, Salesforce plans to drive the accelerated growth of Informatica's cloud business. Informatica CEO Amit Walia said: "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 organisations harness the full value of their data in the AI era.' Salesforce will acquire all outstanding Informatica common stock not already owned. The transaction has received approval from both companies' boards. Expected to close early in Salesforce's fiscal year 2027, the deal is subject to regulatory approvals and other standard conditions. "Salesforce to acquire Informatica for $8bn" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Salesforce acquires Informatica for $8 billion
Salesforce has acquired cloud data management firm Informatica in an $8 billion equity deal, marking a major move in its push to strengthen its AI and data infrastructure capabilities. The announcement, made Tuesday, comes about a year after early rumors of the acquisition sent both companies' stock prices sliding. At the time, Informatica denied it was for sale, but a lot can change in a year. Under the terms of the deal, Salesforce will pay $25 in cash per share for Informatica's Class A and Class B-1 common stock, adjusting for its prior investment in the company. Informatica was founded in 1993 and works with more than 5,000 customers across more than 100 countries. The company had a $7.1 billion market cap at the time of publication. This acquisition will help bolster Salesforce's agentic AI ambitions, the company's press release stated, by giving the company more data infrastructure and governance to help its AI agents run more "safely, responsibly, and at scale across the modern enterprise." "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," Salesforce CEO Marc Benioff said in the press release. "This is a transformational step in delivering enterprise-grade AI that is safe, responsible, and deeply integrated with the world's data.' The path to this deal began in April 2024, when reports surfaced that Salesforce was eyeing Informatica. The market reaction was swift — both companies' shares dipped on fears of a difficult integration or strategic mismatch. Informatica later issued a public statement denying any sale discussions. But what once seemed unlikely is now official. Informatica isn't the first data management company Salesforce has acquired in the past year. In September, Salesforce snapped up Own Company for $1.9 billion in cash. 'Data security has never been more critical, and Own's proven expertise and products will enhance our ability to offer robust data protection and management solutions to our customers,' Salesforce general manager Steve Fisher said in a press release at the time. TechCrunch has reached out to Salesforce for more information. This article originally appeared on TechCrunch at
