Salesforce is looking to acquire cloud data management firm Informatica in a deal valued at approximately $8 billion.
“Together, Salesforce and Informatica will create the most complete, agent-ready data platform in the industry,” Marc Benioff, CEO of Salesforce, said in a joint news release.
“By uniting the power of Data Cloud, MuleSoft, and Tableau with Informatica’s industry-leading, advanced data management capabilities, we will enable autonomous agents to deliver smarter, safer, and more scalable outcomes for every company, and significantly strengthen our position in the $150 billion-plus enterprise data market.”
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If the acquisition gets the green light from regulators, it’s expected to close “early in Salesforce’s fiscal year 2027.”
As Informatica prepares to join the Salesforce family, here are a few things that non-unionized employees in Canada need to be aware of.
In Canada, the “seller” of the business is responsible for providing proper compensation to staff who lose their job.
WATCH: Employment lawyer Lior Samfiru explains the rights workers have when their employer sells the business on an episode of the Employment Law Show.
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