00:00It's Benzinga bringing Wall Street to Main Street.
00:02Salesforce announced Tuesday it will acquire cloud data management firm Informatica
00:06in a cash and debt deal valued at $8 billion to strengthen its artificial intelligence strategy.
00:12According to CNBC, Salesforce CTO Steve Fisher said combining Informatica's metadata tools
00:17with AgentForce enables trustworthy, autonomous AI and providing deep data understanding.
00:23Salesforce plans to integrate Informatica's data management services
00:26with its AgentForce AI platform to enhance its AI capabilities.
00:30The acquisition continues Salesforce's strategy of expanding its product offerings through major deals.
00:35Previous acquisitions include Slack, Tableau and MuleSoft.
00:39Shares of Salesforce rose over 1% on Tuesday while Informatica gained 6%.
00:43For all things money, visit Benzinga.com slash GSTV.
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