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Informatica says it is not in any acquisition talks, updates forecast
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Informatica says it is not in any acquisition talks, updates forecast
Apr 22, 2024 7:00 AM

April 22 (Reuters) - Data-management software firm

Informatica ( INFA ) is not currently engaged in any discussions

to be acquired, the company said on Monday, after media reports

of takeover interest from Salesforce ( CRM ).

Shares of Informatica ( INFA ) were down more than 5% in early

trading.

Salesforce ( CRM ) backed way from its talks to acquire Informatica ( INFA )

after the two companies could not agree on terms, a person

familiar with the matter told Reuters on Sunday.

Informatica ( INFA ) also said on Monday 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.

The company announced the resignation of Executive Vice

President and Chief Product Officer Jitesh Ghai.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Devika

Syamnath)

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