Key Facts
Salesforce, a U.S.-based cloud customer relationship management (CRM) software provider, has resumed discussions to acquire data management company Informatica, according to sources familiar with the matter. The acquisition talks, which had stalled last year, are now back on track. If an agreement is reached, an announcement could come as early as next week. However, no final decision has been made, and the deal could still fall through or face competition from other potential buyers, including Cloud Software Group, formerly Citrix Systems.
Informatica’s stock surged by 28% during trading on May 23, closing 17.5% higher, with a market capitalization of approximately $6.8 billion. Meanwhile, Salesforce’s stock dropped by 3.6%, leaving its market capitalization at around $262 billion. Informatica carries a total debt of approximately $1.9 billion, according to Bloomberg data.
Neither Salesforce nor Cloud Software Group has commented on the matter. Informatica and its private equity backer, Permira, have also declined to respond to requests for comment. Bloomberg previously reported in April 2024 that Salesforce’s earlier acquisition attempt had failed due to disagreements over terms. If successful, this deal could become one of Salesforce’s largest acquisitions to date.
Salesforce, a leading U.S.-based cloud CRM software provider, has resumed acquisition talks with data management company Informatica, according to sources familiar with the matter. The discussions, which had stalled last year due to disagreements over terms, are now back on track. If successful, the deal could be announced as early as next week. However, no final decision has been made, and the negotiations could still collapse or face competition from other interested parties, including Cloud Software Group, formerly Citrix Systems.
On May 23, Informatica’s stock surged by 28% during trading, closing 17.5% higher with a market capitalization of approximately $6.8 billion. In contrast, Salesforce’s stock fell by 3.6%, leaving its market capitalization at around $262 billion. Informatica also carries a total debt of approximately $1.9 billion, according to Bloomberg data.
Neither Salesforce nor Cloud Software Group has commented on the matter. Informatica and its private equity backer, Permira, have also declined to respond to requests for comment. If finalized, this acquisition could rank among Salesforce’s largest deals to date.
