Marc Benioff, at the 2013 World Economic Forum in Davos, Switzerland, January 24, 2013.Copyright by World Economic Forum
/Photo Moritz Hager
Salesforce, an American cloud-based software company founded by Marc Benioff, is in “advanced talks” to acquire software company Informatica, reported Reuters. Informatica currently has a value of above $11 billion. The details of the talks have not been revealed, but Reuters reported that Salseforce’s bid is for less than the company’s current price per share.
Informatica’s shares are listed on the New York Stock Exchange.
Informatica is an American software development company founded in 1993. It is headquartered in Redwood City, California, and its core products include enterprise cloud data management and data integration. The company offers a comprehensive suite of tools for managing data across hybrid and multi-cloud environments. This includes data integration, data quality, data governance, and master data management. Informatica’s data integration solutions help businesses bring data together from disparate sources, cleanse and transform it, and deliver it to the applications and analytics that need it.
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Informatica’s solutions are used by a wide range of organizations, including Fortune 500 companies, government agencies, and educational institutions.
Marc Benioff is an American internet entrepreneur and philanthropist. Benioff and his wife, Lynne, are actively involved in various philanthropic endeavors, focusing on environmental issues, children’s health, and education. They have made significant donations to various causes and organizations. In 2018, he acquired Time magazine, one of the most well-known publications in the world. He is credited with being one of the first to promote cloud-based software, a major shift in the industry.
Salesforce is an American cloud-based software company headquartered in San Francisco, California. It is the world’s #1 provider of customer relationship management (CRM) software.
Salesforce offers a comprehensive suite of applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development. Their goal is to help companies connect with their customers in a whole new way. The company also offers a variety of products specifically designed for nonprofits and educational institutions, including Salesforce.org.
