By Lauren Thomas

Salesforce is again in talks to acquire data-management software firm Informatica, according to people familiar with the matter, after a deal between the two fizzled last year.

The details

A transaction could be finalized as soon as next week, the people said, cautioning that the talks could fall apart yet again or that another bidder could emerge.

Last year, Salesforce was discussing a deal to buy Informatica that could have valued the Redwood City, Calif.-based company in the neighborhood of $10 billion. After the companies couldn't agree on terms, the talks fell apart, The Wall Street Journal reported last April.

Informatica shares have fallen in recent months and its market value fell under $7 billion.

Shares rose 17% to $22.45 on Friday after Bloomberg reported earlier on the revived deal talks. Salesforce is slated to report quarterly results next Wednesday.

The context

Informatica helps companies manage their data across systems both in the cloud and on site, allowing organizations to better analyze the data they collect. It counts companies ranging from Unilever to Toyota as customers.

In 2015, private-equity firm Permira and the Canadian Pension Plan Investment Board took Informatica private in a transaction valued at $5.3 billion. The business went public again in 2021.

San Francisco-based Salesforce specializes in cloud-based software that helps sales staff manage customer relationships. A deal for Informatica would rank among its largest and be its biggest since it closed the roughly $28 billion acquisition of workplace-collaboration company Slack Technologies in 2021.

Write to Lauren Thomas at lauren.thomas@wsj.com

(END) Dow Jones Newswires

May 23, 2025 16:56 ET (20:56 GMT)

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