Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal.
Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal for the enterprise software company.Salesforce CEO Marc Benioff had attracted scrutiny before for a free-spending approach to acquisitions, including the purchases of Slack and Tableau.
"Our business fundamentals continue to be very strong and we look forward to discussing our first quarter financial results and outlook on May 1," Informatica CEO Amit Walia said in a statement. CEO Marc Benioff's voracious appetite for mergers and acquisitions was one of the factors that drew a flurry of activists in 2023, which sought to rein in the company's spending.Chairman and CEO of Salesforce Marc R. Benioff attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024.and turned its focus to re-hiring departed talent. It also implemented deep layoffs. Benioff also recruited ValueAct's Mason Morfit to the board.
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