11:05 AM EDT, 05/27/2025 (MT Newswires) -- Salesforce ( CRM ) has agreed to acquire cloud data management firm Informatica ( INFA ) in a deal worth about $8 billion as the customer relationship management platform looks to bolster its artificial intelligence offerings.

Salesforce ( CRM ) will buy all the shares it does not already own in Informatica ( INFA ), the companies said in a joint Tuesday statement. Holders of Informatica's ( INFA ) class A and B-1 stock will receive $25 per share in cash.

The $8 billion valuation is net of Salesforce's ( CRM ) current investment in Informatica ( INFA ). The deal, which requires approval from regulators, is expected to complete early in Salesforce's ( CRM ) fiscal 2027. Shareholders owning roughly 63% of Informatica's ( INFA ) stock have approved the transaction.

Informatica's ( INFA ) shares gained 5.5% in Tuesday trade, while Salesforce ( CRM ) edged up 0.8%.

"This proposed acquisition will be a key enabler for Salesforce's ( CRM ) next phase of AI-driven growth," Salesforce ( CRM ) Chief Operating and Financial Officer Robin Washington said. "We will move quickly to integrate their capabilities and unlock synergies on a fast timeline, particularly in areas like public sector, life sciences, healthcare and financial services."

Wedbush Securities expects the deal to strengthen Salesforce's ( CRM ) AI capabilities by improving its strategy leveraging proprietary data. "We believe the acquisition would further strengthen (Salesforce's ( CRM )) cloud strategy moving forward as more opportunities for cross-selling across its customer base emerge," Wedbush analysts, including Daniel Ives, wrote in a Tuesday client note.

Salesforce ( CRM ) aims to "rapidly" integrate Informatica's ( INFA ) technology, including data integration, with its autonomous AI product, Agentforce. Salesforce ( CRM ) plans to invest in Informatica's ( INFA ) data and infrastructure partner ecosystems and accelerate its cloud business growth.

"Joining forces with Salesforce ( CRM ) represents a significant leap forward in our journey to bring data and AI to life," according to Informatica ( INFA ) CEO Amit Walia. "We have a shared vision for how we can help organizations harness the full value of their data in the AI era."

Salesforce ( CRM ) estimates the deal to be accretive to its per-share adjusted earnings starting in the second year after completion, driven by significant cost synergies and revenue gains.

Earlier this year, Informatica ( INFA ) said that its 2024 revenue increased 2.8% year-over-year to $1.64 billion.

Salesforce ( CRM ) is scheduled to release its first-quarter results on Wednesday. Analysts polled by FactSet estimate the company to report adjusted earnings of $2.55 a share on revenue of $9.75 billion.

Price: 275.96, Change: +2.82, Percent Change: +1.03