Salesforce's talks to buy Informatica fizzle, WSJ reports (updated)

Informatica

22/04/2024 24:50

(Adds details, no response from companies from paragraph 2)
       April 21 (Reuters) - Customer relations software maker
Salesforce's talks to acquire data-management software firm
Informatica have failed after the two companies could not agree
on terms, the Wall Street Journal reported on Sunday citing
people familiar with the matter. 
    Salesforce  CRM.N  and Informatica  INFA.N  did not
immediately respond to a Reuters request for comment. 
    The talks between the two tech companies were in advanced
stages, Reuters reported earlier this month. 
    Informatica, founded in 1993, offers subscription-based data
management services over the cloud and helps to automate tasks
for more than 5,000 active customers.     

 (Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Tom
Hogue)
 ((ShubhenduSatish.Deshmukh@thomsonreuters.com;))