After ~4 years of grind as a public company,
@Informatica is snapped by
@Salesforce for $8 billion. The plan is to use it in strengthening AI Platform, says Salesforce.
My POV, in this platform driven technology consumption era, independent software vendors with niche solutions don’t stand a chance of staying independent for long. I believe that Informatica has found a good home to grow.
Salesforce CEO and Chair Marc
@Benioff has said that the integration of Informatica into the Salesforce platform will create the 'most complete, agent-ready data platform in the industry' as the company will be uniting its Data Cloud, MuleSoft, and Tableau platforms with Informatica's data management capabilities.
Salesforce agreed to buy Informatica for $25 per share, a much lower per-share price than speculated in April 2024 when reports said the companies were in negotiations. In April 2024, Salesforce reportedly was weighing an offer in the mid-$30s per share for Informatica. Further, Informatica stock hit a high near 40 on April 12, 2024.
Even after rising 22% in last 5 days, Informatica is down 8% year to date.
Informatica went public on October 27, 2021, after being taken private in 2015. The company was listed on the New York Stock Exchange under the ticker symbol "INFA".
@dvellante @furrier @MDMGeek @vGazza @Craw @mvollmer1