May 27 - Salesforce (CRM, Financial) said Tuesday it will acquire cloud data management company Informatica (INFA, Financial) in a cash deal valued at about $8 billion, as it looks to deepen its artificial intelligence offerings.
Under the agreement, Salesforce will pay $25 per share for all outstanding Class A and Class B-1 common stock of Informatica. The transaction aims to bring together Salesforce's Agentforce platform with Informatica's metadata and data catalog tools to support more capable AI systems, according to a Tuesday press release.
Salesforce said the acquisition supports its broader push to enable autonomous AI agents by enhancing data visibility and governance. The deal follows a wave of AI-focused moves by enterprise tech firms seeking to scale automation.
Shares of Salesforce edged up 1% on Tuesday. Informatica stock rose more than 5% on the news.
