Salesforce's $8B Informatica deal is 'right deal at the right time,' says Wedbush

  • Salesforce Inc (NYSE:CRM, ETR:FOO)'s planned $8 billion acquisition of data management software firm Informatica is a “smart and strategic” move that comes at the right moment to accelerate its artificial intelligence (AI) strategy, according to Wedbush. In a note Tuesday, Wedbush called the deal a key step in Salesforce's push to help enterprises better manage proprietary data used to build and train AI models.