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(Reuters) -Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on Sunday. If the two sides had agreed on a deal, it would've ranked as one of Salesforce's biggest acquisitions. Salesforce and Informatica did not immediately respond to requests for comment from Reuters.

Salesforce: Informatica's shares closed at $35.19 on Friday, valuing the Redwood City, California-based company at about $11.2 billion, including debt.

Salesforce Inc (NYSE: CRM) discontinues negotiations to acquire Informatica Inc (NYSE: INFA) due to disagreements on the acquisition terms. Talks were close to making it one of Salesforce's most significant purchases, as per sources familiar with Reuters.

Salesforce has dropped its acquisition plans to buy data management software company Informatica for an estimated $11 billion, reports indicate.

Salesforce has reportedly backed away from its pursuit to acquire Informatica, a data management software specialist, for roughly $11bn. Both sides couldn't agree...