Salesforce Inc. in Advanced Talks to Acquire Informatica Inc.
In a move that could shake up the customer relations software industry, Salesforce Inc. is reportedly in advanced talks to acquire Informatica Inc., the top maker of CRM software. Informatica, based in Redwood City, California, currently has a market value of about $11.4 billion, with its shares jumping an impressive 36% this year to $38.48.
Informatica is known for helping customers manage their data in the cloud and had projected in February that its fiscal-year revenue would see a 6% increase to $1.7 billion. With Salesforce Inc. being a major player in the customer relations software field, the potential acquisition of Informatica would further solidify Salesforce’s position in the market.
The news of this potential acquisition has been met with excitement and anticipation from industry experts and investors alike. If the deal goes through, it could have significant implications for the future of CRM software. Keep an eye on Road Rug Cars for further updates on this developing story.
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