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Salesforce Inc. Signs during the Fintech Singapore Festival in Singapore, Thursday, November 3, 2022.
Bloomberg | Bloomberg | Gets the image
Seller On Tuesday said he was buying a cloud management company Infortatica In an agreement of $ 8 billion to strengthen the software supplier Artificial intelligence.
On Tuesday, SalesForce shares were closed by more than 1%. Informatica stocks increased by 6%.
“Autonomous, reliable AI agents need the most complete understanding of their data,” said Steve Fisher, President Salesforce and Technology CEO in the release announces this deal. “The combination of expanded Informatica catalogs and metadata with our AgentForce platform provides exactly that.”
According to the terms of the transaction, the owners of ordinary class shares and the Class B-1 will receive 25 dollars for the share, the release reports.
Bloomberg On Friday, the companies talked about the deal. The report has sent more than 17%to Informatica shares.
Salesforce, which specializes in customer connection management software, said he would seek to combine information information information, integration, management, privacy and service management services using his AI Solution, called Agentform.
The transaction will be financed by combining cash on Salesforce and new debt, the company said.
The acquisition adds a lot of transactions that Salesforce has been the years since the company has sought to expand its products and get the market share. It bought Slack in 2021 for $ 27.7 billion. Tableau in 2019 for $ 15.7 billion and Mulesoft in 2018 for $ 6.5 billion.
CEO Salesforce Mark Beniof On Tuesday, the company would look for Informatica, along with its data cloud, Mulesoft and Tableau to “allow autonomous agents to provide smarter, safe and scalable results for each company.”
