Salesforce is buying AI-powered cloud data management company Informatica in an approximately $8 billion deal. Informatica’s shareholders will receive $25 per share.

Salesforce's $8 billion acquisition of Informatica aims to strengthen its position in the enterprise data market by integrating advanced data management and AI solutions.

Informatica shares gained Tuesday as the artificial intelligence (AI)-based data management software provider finally agreed to be purchased by Salesforce after long negotiations between the tech firms.