Under the terms of the deal, holders of Informatica's Class A and Class B-1 common stock will receive $25 in cash per share, according to a press release announcing the deal.
Salesforce, which specializes in customer relationship management software, said that it would look to combine Informatica's data catalog, integration, governance, privacy and data management services with its agentic AI solution, dubbed Agentforce.
The deal will be funded through a combination of cash on Salesforce's balance sheet and new debt, the company said.