Salesforce has to get back into the M&A game: Analyst
August 28, 2024
Salesforce (CRM) backed out of a deal to acquire Informatica in April of this year after the two sides couldn't agree on terms, a deal that was estimated to be worth over $11.4 billion, Third Bridge analyst Charlie Miner joins Market Domination Overtime to give insight into the deal and the prospects of another M&A deal with Salesforce. "The data cloud has become their number two priority after AI right now, I certainly think there are gaps in it. It's a pretty immature product. It's still under half a billion in ARR (Annual Recurring Revenue). So a lot of runway to go both in terms of growth and product development there. I think that M&A is going to come back. This is a company that's grown on the back of M&A, says Miner." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino Read More...
Salesforce (CRM) backed out of a deal to acquire Informatica in April of this year after the two sides couldn’t agree on terms, a deal that was estimated to be worth over $11.4 billion,
Third Bridge analyst Charlie Miner joins Market Domination Overtime to give insight into the deal and the prospects of another M&A deal with Salesforce.
“The data cloud has become their number two priority after AI right now, I certainly think there are gaps in it. It’s a pretty immature product. It’s still under half a billion in ARR (Annual Recurring Revenue). So a lot of runway to go both in terms of growth and product development there. I think that M&A is going to come back. This is a company that’s grown on the back of M&A, says Miner.”
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
