Salesforce to buy Informatica for $ 8 billion in data operation in order to dominate artificial intelligence

Salesforce announced on Tuesday that it buys the Informatica Data Management Company in a $ 8 billion deal.

Under the agreement, Salesforce will get all the shares suspended from the shared shares of Informatica that you do not already have. Companies said that shareholders in Informatica will receive $ 25 in cash per share.

The dealWhich was approved by the boards of management of Salesforce and Informatica, is expected to be closed in the fiscal year 2027.

Salesforce shares rose on Tuesday morning after the announcement.

Salesforce, Deloitte Digital Team Up For Generation AI

The goal of the deal, which reports of collapsing about a year after disputes over the conditions, is to strengthen the Salesforce Data Foundation, which the company says is “necessary to publish strong and responsible Artificial intelligence agent”

Bloomberg first reported that companies were holding advanced talks on a new deal last week.

The companies said that the data catalog in Informatica, the integration of data, governance, quality, privacy, descriptive data management and the main data management with the Salesforce platform “will create a unified structure for the artificial intelligence agent – enable artificial intelligence agents to work safely and responsibly, on a large scale across the modern institution.”

When the deal was announced, the CEO of Salesforce Marc Benioff said that companies “will create a more complete and ready -made data platform in the industry.”

“We will enable independent factors to provide more intelligent, safer and developed results for each company, and We greatly enhance our position In the institution’s data market that exceeds $ 150 billion, “Benf said.

The division of generations depth in the use of artificial intelligence tools, and the discovery of Salesforce research

The acquisition is the latest Salesforce efforts to expand its hegemony in Software-AA-A-Service Space.

index	protection	last	Changing	% Change
CRM	Salesforce Inc.	277.21	+4.08	+1.50 %

One of the ways that Salesforce is trying to earn domination is through the aggressive acquisition strategy. I got the MULESOFT software platform in 2018. The platform provides tools and services for building, integrating and managing application programming facades, which allow various programs programs to interact with each other. Three years later, I entered a deal for the workplace App App Slack Technologies Inc.

“Our acquisition strategy is the methodology, the patient and the allergy – targeting transformational assets such as Informatica when the differentiation and integration account corresponds to increasing customer success,” said Robin Washington, Executive Director of Employment and Maliamen in sales.

Get Fox Business on the Go by clicking here

Washington added that the company will integrate the company’s capabilities quickly and cancel synergy insurance on a fast timetable, especially in areas such as the public sector, life sciences, health care and financial services.