(Reuters) -Customer relations software maker Salesforce's ( CRM ) talks to acquire data-management software firm Informatica ( INFA ) have failed after the two companies could not agree on terms, the Wall Street Journal reported on Sunday citing people familiar with the matter.

Salesforce ( CRM ) and Informatica ( INFA ) did not immediately respond to a Reuters request for comment.

The talks between the two tech companies were in advanced stages, Reuters reported earlier this month.

Informatica ( INFA ), founded in 1993, offers subscription-based data management services over the cloud and helps to automate tasks for more than 5,000 active customers.