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Salesforce to buy Informatica for $8 billion to bolster AI data tools
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Salesforce said on Tuesday it would buy Informatica for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market.
The cloud-software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing for better profitability.
It had last year shelved deal talks with Informatica after the companies failed to agree on deal terms.
Buying Informatica, in its biggest deal since its nearly $28 billion acquisition of Slack…
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