Salesforce Acquires Informatica For $8 Billion 4
After a year of rumors, Salesforce has officially acquired cloud data management firm Informatica in an $8 billion equity deal. "Under the terms of the deal, Salesforce will pay $25 in cash per share for Informatica's Class A and Class B-1 common stock, adjusting for its prior investment in the company," notes TechCrunch. From the report: Informatica was founded in 1993 and works with more than 5,000 customers across more than 100 countries. The company had a $7.1 billion market cap at the time of publication. This acquisition will help bolster Salesforce's agentic AI ambitions, the company's press release stated, by giving the company more data infrastructure and governance to help its AI agents run more "safely, responsibly, and at scale across the modern enterprise." "Together, we'll supercharge Agentforce, Data Cloud, Tableau, MuleSoft, and Customer 360, enabling autonomous agents to act with intelligence, context, and confidence across every enterprise," Salesforce CEO Marc Benioff said in the press release. "This is a transformational step in delivering enterprise-grade AI that is safe, responsible, and deeply integrated with the world's data."
Makes sense... (Score:3)
Informatica is one of those products that their customers use that they swear solves really complex business problems by applying yet another layer of data abstraction on top of databases and the like.
Sure, you may eventually get there, but it will take a lot of effort and money to maintain it all. Because you'll never hire the developers to do your own thing, might as well get all the consultants to do it for you.
So, fits right in with Salesforce. Because, hey, it's not Oracle.
Re: (Score:3)
i had no idea, but this ceo just gave it all away:
"Together, we'll supercharge ( ... products ... ) enabling autonomous agents to act with intelligence, context, and confidence across every enterprise (...).This is a transformational step in delivering enterprise-grade AI that is safe, responsible, and deeply integrated with the world's data."
that's standard nonsensical bullshit form a parasite provider that only exists to provide big money companies with plausible deniability and just increased their apparent valuation for exactly that.
otoh, if they actually do any of that, a fuck up with any of those "safe, responsible and intelligent agents deeply integrated with the world's data" has the potential of being worth hysterical laughter. tick, tock, ...