Investing.com -- Salesforce is nearing an agreement to acquire Informatica in a deal valued at approximately $8 billion, according to the Wall Street Journal.

The deal, expected to be announced later on Tuesday, will reportedly see Salesforce (NYSE: CRM ) pay $25 per share for the data-management software company, people familiar with the matter told the WSJ.

The acquisition comes after earlier talks between the two companies fizzled out in 2024 over disagreements on terms.

Informatica, based in Redwood (NYSE: RWT ) City, California, had previously been in discussions with Salesforce about a potential sale that could have valued the company at around $10 billion. However, those negotiations fell apart last year, said the WSJ.

The renewed discussions signal a fresh alignment between the two firms. Informatica specializes in enterprise data integration and management, offering tools that help businesses organize and analyze large volumes of data across systems.

The acquisition would mark one of Salesforce’s larger recent deals as it continues to invest in expanding its data and AI capabilities. In 2021, the company completed a deal to acquire workplace collaboration firm Slack for $28 billion.

The WSJ noted that Salesforce CEO Marc Benioff has been more recently focused on shifting Salesforce’s focus to artificial intelligence agents.