|
Informatica's shareholders will receive $25 per share, a premium
of about 11% from Friday's closing price of $22.55.
The transaction will give Salesforce access to Informatica's
data management capabilities.
Informatica was taken private in 2015 by private equity firm
Permira and the Canada Pension Plan Investment Board for about
$5.3 billion. It went public again in 2021.
“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,” Informatica CEO Amit Walia
said in a statement on Tuesday. “We have a shared vision for how
we can help organizations harness the full value of their data
in the AI era.”
Robin Washington, president and chief operating and financial
officer at Salesforce, said in a statement that the acquisition
will look to take advantage of Informatica's capabilities
quickly, particularly in areas such as the public sector, life
sciences, health care, and financial services. San
Francisco-based Salesforce is set to report its quarterly
financial results Wednesday after the bell.
Both companies' boards have approved the deal, which is expected
to close early in Salesforce’s fiscal 2027.
Shares of Salesforce rose slightly before the market open, while
Informatica's stock jumped 5.7%.
All contents © copyright 2025 Associated Press. All rights reserved
|
|
