Salesforce is in advanced talks to buy Informatica, WSJ reports

Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported, citing people familiar with the matter. The price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication factor, the Journal said.

Salesforce and Informatica did not immediately respond to Reuters' request for comment.

Informatica, based out of Redwood City, California, is a cloud management company and has a market capitalization of about $11.35 billion.

In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks, and a dismantled mergers and acquisition committee.

San Francisco-based Salesforce has historically had a keen interest in deals and investments.

The customer relationship management technology provider last month led a $106 million funding round for Nvidia-backed Together AI.

Salesforce in 2020 acquired workplace messaging app Slack Technologies in a $27.7 billion deal, which is the cloud-computing pioneer's largest acquisition.