Salesforce in Talks to Acquire Informatica, WSJ Reports
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Salesforce Inc., the top maker of customer relations software, is in advanced talks to acquire Informatica Inc., the Wall Street Journal reported, citing people familiar with the discussions.
Informatica, based in Redwood City, California, had a market value of about $11.4 billion at the close Friday in New York. The shares have jumped 36% this year to $38.48. The company, which helps customers manage their data in the cloud, projected in February that fiscal-year revenue would increase about 6% to $1.7 billion.