Salesforce May Acquire Informatica: Report
Salesforce is all set to acquire data-management software provider Informatica, according to a WSJ report on Saturday.
The discussions of the deal are almost at an advanced stage and Salesforce may pay Informatica below its current stock price of USD 38.48, the report said additionally, highlighting the potential complication of the acquisition.
Salesforce and Informatica have chosen to remain mute on this business development.
Informatica is a cloud management company based out in California with a market capitalisation of about USD 11.35 billion, as per reports.
Meanwhile, there has been a slowdown in cloud and technology spending Salesforce’s Informatica acquisition can be an attempt to mitigate the market challenges. However, amidst these concerns, the software company managed to perform well in the fourth quarter, reporting revenue of USD 9.29 billion, surpassing analysts' estimates, fueled by increased cloud spending.
