Salesforce is reportedly in discussions with Informatica for a potential acquisition, which could strengthen its position in data integration and management. The deal, valued at approximately $11.4 billion, could drive further consolidation in the SaaS sector.
) CEO Marc Benioff is reportedly targeting Informatica for what could be one of the company's largest acquisitions, reinforcing Salesforce 's position in data integration and management.
Analysts at Bloomberg Intelligence said in a note that this deal could drive further consolidation in the software-as-a-service sector and may draw regulatory attention. Last year, the cloud-based software giant managed to avoid a proxy battle with Elliott following strategic adjustments and an increase in its stock price.
If the acquisition proceeds at a significant premium, it could approach or exceed the financial magnitude of Salesforce's previous major acquisitions, including the $14 billion purchase of Tableau Software in 2019 and the $27 billion acquisition of Slack Technologies in 2021.Scan QR code to install app
Salesforce CEO Marc Benioff Informatica Acquisition Data Integration Management Consolidation Saas Sector
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California Homeless Charity to Auction Lunch with Salesforce CEO Marc BenioffThe Glide Foundation, a California homeless charity, will hold an auction on eBay for a private lunch with Salesforce Chairman and CEO Marc Benioff. The charity previously received millions of dollars from investors for a lunch with Warren Buffett.
Read more »
An auction to have lunch with Salesforce CEO Marc Benioff to launch in early MayA lunch with Salesforce CEO Marc Benioff will hit the virtual auction block in early May as a San Francisco-based nonprofit looks to raise funds.
Read more »
Salesforce in advanced talks to buy Informatica, source saysSalesforce in advanced talks to buy Informatica, source says
Read more »
Shake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history.
Read more »
Shake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history.
Read more »
Shake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history.
Read more »