Informatica not in acquisition talks with Salesforce

Data-management software firm Informatica is not currently engaged in any discussions to be acquired, the company said, after media reports of takeover interest from Salesforce.

Salesforce backed away from its talks to acquire Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters.

Reuters reported earlier this month that the talks were at an advanced stage.

The business software maker was discussing a price of around mid-US$30s a share for Informatica, according to the Wall Street Journal.

Salesforce did not immediately respond to a Reuters request for comment on Monday.

Informatica also reaffirmed its full-year financial forecast and said it expects first quarter adjusted operating income, total revenue and a few other metrics to be in the upper half of its previous forecast range.

It will report first-quarter results on May 1.

Founded in 1993, Informatica offers subscription-based data management services over the cloud and also helps automate tasks for more than 5000 active customers.

Informatica’s customers include Unilever and Deloitte, according to the company’s website.

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

See author's posts