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HomeTechInformatica says it is not in any acquisition talks, updates forecast

Informatica says it is not in any acquisition talks, updates forecast

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(Reuters) -Data-management software firm Informatica is not currently engaged in any discussions to be acquired, the company said on Monday, after media reports of takeover interest from Salesforce.

Shares of Informatica were down more than 5% in early trading.

Salesforce backed way from its talks to acquire Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on Sunday.

Informatica also said on Monday it expects first-quarter adjusted operating income, total revenue and a few other metrics to be in the upper half of its previous forecast range.

The company announced the resignation of Executive Vice President and Chief Product Officer Jitesh Ghai.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Devika Syamnath)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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