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Is Salesforce about to be acquired?
In fact, the last rumour of Salesforce being acquired was back in 2015 when Microsoft was rumoured to offer Marc Benioff, CEO of Salesforce, $55B, but he countered with $70B and the deal fell through.
What is the relationship like between Salesforce and Google?
Google & Salesforce have been longtime partners, and have developed their relationship even further in recent years.
Could Google buy Salesforce for $250B?
Well it’s a good reason Marc held off, as last week, RBC Capital Markets circled a prediction that Google could acquire Salesforce for around $250B, which is a 70% premium on their current market capitalisation. Here is what we know so far… Google has hired ex oracle SVP Thomas Kurian to lead the Google Cloud division as CEO
Is Google trying to buy Salesforce?
Organizations across businesses are looking forward to executing Azure rather than GCP. In any case, Google is cheerful that the Acquisition of Salesforce will carry the organization to the front line. GCP expects to rise as at any rate the second greatest organization in the cloud contributions.
Is Salesforce part of Google?
Salesforce and Google are excited to announce a new strategic partnership to enable smarter, more collaborative experiences for customers. As part of the agreement, Salesforce has named Google Cloud as a preferred public cloud provider to support our rapidly growing global customer base.
Who tried buying Salesforce?
Previously, Microsoft tried unsuccessfully to acquire Salesforce for $55 billion in what would have been the largest acquisition in its history.
Did Microsoft acquire Salesforce?
Microsoft Acquires Oracle, Salesforce, SAP Workflow Automation Startup.
Does Amazon use Salesforce?
Through this expanded partnership, Salesforce has chosen Amazon Connect as its preferred contact center technology and will resell Amazon Connect as part of its new upcoming offering, Service Cloud Voice, making it easy for organizations to deliver better customer service at a lower cost.
Does Apple use Salesforce?
Salesforce has been working exclusively with Apple since last year to maximize the Salesforce experience on Apple. Apple helps Salesforce develop and optimize its apps.
Is Slack buying Salesforce?
SAN FRANCISCO, July 21, 2021—Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc.
Is Salesforce big tech?
Take a look: Among tech companies, Salesforce tops the list when it comes to sourcing tech talent, surpassing even Amazon and Microsoft. This shouldn’t come as a surprise; the company has positioned itself well to take advantage of all the potential clients that need customer-relationship management (CRM) software.
What is Salesforce next acquisition?
July 21, 2021: Salesforce completed its acquisition of Slack Technologies, Inc. Together, Salesforce and Slack are creating the digital HQ for success from anywhere.
Who are Salesforce competitors?
Competitors and Alternatives to SalesforceMicrosoft.Oracle.SAP.SugarCRM.Zoho.Sage.Zendesk.CRMNEXT.
What company is Salesforce buying?
Slack TechnologiesIn early December, salesforce.com (CRM 2.13%) announced that it would acquire workplace communication tool Slack Technologies (WORK) for roughly $28 billion. This was by far the company’s largest acquisition to date.
Can Salesforce compete with Microsoft?
Salesforce is considered the leader in CRM software, but is increasingly competing from Microsoft. Salesforce is focusing on a few key areas in order to stay competitive, analysts said. The Slack acquisition, its platform, automation, and tools for specific industries are focus areas.
Should Google Acquire Salesforce?
Rumors have been swirling about Google possibly acquiring Salesforce, which, if it takes place, would be one of the largest in tech history and could rock the cloud computing world. Business Insider has reported that Google is planning to acquire Salesforce, in a deal which RBC Capital Markets says would be valued at around $250 billion.
Cloud Ambitions
Google has been very open about its cloud ambitions. At the close of 2019, the company announced that it plans to beat out its rivals, Amazon and Microsoft Azure, as cloud providers by the end of 2023. That’s no small feat, given that AWS currently controls 47 percent of the market share of the cloud computing market.
Acquiring Salesforce
It’s no secret that Salesforce is a hugely popular and successful cloud-native product – it’s also no secret that Salesforce operates atop a powerful cloud platform, Force.com. And it’s very possible that Google believes that, by buying Salesforce, it will be cashing in on both the popularity of Salesforce, and the strength of its platform.
Other Options
Google’s Diane Greene, who has been tasked with expanding the tech giant’s cloud revenue, discussed her plans at a conference this fall. She confirmed that Google is looking for partnerships in the field of cloud computing and added that the company is also hiring sales representatives to help it expand.
Impact on Salesforce
The jury is still out on how Salesforce would be impacted if Google acquires the CRM. On the one hand, the move would bring in a huge cash influx for Salesforce, which could allow it to further expand its cloud capabilities and grow its infrastructure. On the other hand, Salesforce would lose its autonomy and would be managed by Google.
Impact on Salesforce Users
How would Salesforce’s users be affected if the CRM giant is acquired by Google? It’s too early to say, of course, and a lot would depend on the specifics of the deal, as well as Google’s management of Salesforce. It’s also not clear how the deal could impact Salesforce’s relationship with Microsoft.
Final Thoughts
It’s worth noting that there has been speculation about Google and Salesforce in the past, and it hasn’t led to anything actually happening. That’s why some people are cautioning that we shouldn’t be holding our breath to see whether anything actually comes of this.
Acquiring Salesforce
Google could acquire Salesforce and reach its goal to become the No. 2 cloud player by 2023, RBC said.
Spinning out Google Cloud Platform
RBC also predicted Google would spin out its cloud business into what would be the third most valuable enterprise-technology company behind Microsoft and Amazon.
How could Salesforce get Advantage from the Acquisition?
In addition to the fact that Google would make huge steps from the arrangement. Salesforce would likewise tie down additional money related assets to grow its cloud computing and worldwide presence which implies It would all come down to CEO Marc Benioff’s position on the issue.
But, Why Now Though?
As it stands today, Google has fallen behind opponents AWS and Microsoft in Datacentre numbers. Innovation and selection in this key part are vitals more organizations reconsider membership models.
