Salesforce may be in talks to acquire Informatica
The potential deal to acquire Informatica, a software-as-a-service and data management company that offers cloud-based enterprise data management for healthcare, would be one of Salesforce’s largest acquisitions and would position it to leverage a wide range of cloud solutions. -based products, artificial intelligence co-pilot capabilities and more.
WHY IT MATTERS
Salesforce has arrived advanced conversations to buy Computer Science, and the official announcement could come as early as next week, according to the newspaper Wall Street Journal.
While neither company has commented on the deal as of Tuesday, the major consolidation of software services could trigger regulatory scrutiny, Bloomberg reported Monday. The wire service also said its sources indicated that there are discussions about acquiring the company to increase its data capabilities could end without a deal.
Analysts report that such an acquisition “strategic merit” for Salesforce.
MarTech mentioned a potential acquisition of Informatica close to on Monday, but said investors in 2023 were questioning whether acquisitions were good for Salesforce’s stock value and the company was making changes including ending its merger and acquisition committee and increasing share buybacks.
Informatica’s Intelligent Data Management Cloud for Healthcare and Life Science enables organizations to exchange data on on-premises systems and across hybrid and multi-cloud environments using Health Level 7 v2, HL7’s FHIR standard, and EDI X12 Health Insurance Portability and Accountability Act standard, according to the company’s website.
THE BIG TREND
Salesforce bought HIPAA-compliant Slack for a reported $28 billion nearly three years ago Tableau taken over in 2019 for $15.7 billion. In 2022, Salesforce launched Patient 360, a customer relationship management platform that integrates many features made possible by mergers and acquisitions.
Integrations include MuleSoft Accelerator for Healthcare, which exchanges data under HL7 and FHIR standards to unify data from electronic health records, labs, billing and scheduling, and Tableau Accelerators for Health Cloud, which provides healthcare organizations with customizable analytics dashboards.
Last year, Salesforce integrated Einstein’s artificial intelligence services into its Customer 360 for Health platform to improve home care with unified patient insights, including preferences and medication information, from their personal devices.
ON THE RECORD
βData management and data quality have increased in strategic importance with the rise of genAI as organizations modernize their data domains,β said a Citi analyst. published on Looking for Alpha. Researchers noted that partnering with a “significantly larger” organization could help Salesforce better capitalize on that trend and continue to grow its cloud offering.
Andrea Fox is editor-in-chief of Healthcare IT News.
Email: afox@himss.org
Healthcare IT News is a HIMSS Media publication.