Salesforce agrees to buy Informatica for $8B - UPI.com

May 27 (UPI) -- Officials at San Francisco-based Salesforce have agreed to pay $8 billion to buy tech firm Informatica.

Informatica is a data management firm based in Redwood City, Calif., and agreed to accept Salesforce's offer of $25 per share for Class A and Class B-1 common stock, the tech firms announced on Tuesday.

Salesforce is the world's top-ranked artificial intelligence customer relationship management system and will use Informatica's AI-powered data management tools to improve services for client organizations.

The proposed transaction would enhance Salesforce's data foundation and improve its AI-powered services for clients, company officials said on Tuesday in a joint news release with Informatica.

Salesforce agrees to buy Informatica for $8B - UPI.com

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