(Reuters) – Salesforce (NYSE:) is in talks to acquire data management software provider Informatica, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The price of the deal being discussed is below Informatica’s current share price of $38.48, which is a potential complicating factor, the Journal reported.
Salesforce and Informatica did not immediately respond to Reuters’ requests for comment.
Based in Redwood (NYSE:), California, Informatica is a cloud management company with a market capitalization of approximately $11.35 billion.
In early 2023, Salesforce became the target of activist investors who pushed for changes that would cut costs, increase share repurchases and dismantle the mergers and acquisitions committee.
San Francisco-based Salesforce has historically had a strong interest in deals and investments.
The customer relationship management technology provider last month led a $106 million funding round for Nvidia (NASDAQ:) backed by Together AI.
In 2020, Salesforce acquired workplace messaging app Slack Technologies (NYSE:) for $27.7 billion, the cloud computing pioneer’s largest acquisition yet.