Key Takeaways
- Salesforce is reportedly considering another bid for data management company Informatica.
- Citrix’s parent company, Cloud Software Group (CSG), has also shown interest in Informatica.
- A previous Salesforce attempt to acquire Informatica for around $11 billion fell through last year.
- Informatica currently has a market capitalization of approximately $6.8 billion.
- News of the potential deal caused Informatica’s stock to rise, while Salesforce’s dipped slightly.
Salesforce is once again exploring a potential acquisition of Informatica, a data management specialist, after a previous attempt to strike a deal did not succeed.
This time, however, Salesforce might face competition. Cloud Software Group (CSG), the parent company of Citrix, has also reportedly expressed interest in acquiring Informatica.
Informatica, known for its data integration tools, currently holds a market value of around $6.8 billion.
If a deal with Salesforce materializes, an announcement could come as early as next week, according to a CRN report, which cited anonymous sources from Bloomberg. Salesforce is also scheduled to report its quarterly earnings this coming Wednesday.
Last year, discussions between Salesforce and Informatica for a reported $11 billion deal ended without an agreement. At the time, multiple news outlets stated that the two companies couldn’t settle on the terms.
In other recent news, Salesforce announced plans to acquire Convergence.ai, a London-based AI startup, to enhance its AI agent platform. The company has also significantly grown its partner ecosystem.
Meanwhile, CSG has been active as well. Its Citrix division purchased German-based Unicon in January, and CSG’s private equity owner, Vista Equity Partners, recently raised substantial funds for the company.
The renewed acquisition buzz caused Salesforce’s stock to dip slightly, trading around $274 per share after the news. Conversely, Informatica’s stock saw a significant jump of about 13 percent, closing near $23 per share.
Informatica recently reported strong quarterly earnings. Its cloud subscription revenue grew 30 percent year-over-year to $848 million, and total revenues also saw a healthy increase for the quarter ending March 31.
