What companies has salesforce bought

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What Companies Does Salesforce Own? – [Answered]

Acquisition date Acquired company name Price Category
December 1, 2020 Slack $27.7B Enterprise
August 8, 2019 ClickSoftware Technologies $1.4Bn Enterprise Software
July 31, 2019 Tableau $15.7Bn Analytics
July 17, 2019 Datorama $800M Artificial Intelligence

Apr 27 2022

Full
Answer

Who will acquire Salesforce?

With Salesforce being such a behemoth of a company, this news doesn’t come around too often. 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.

Why to invest in Salesforce?

Why Are Companies Investing in Salesforce Training?

  • The need for continuous learning & training. According to Gartner, a sales employee interacts with at least 14 different CRM related applications.
  • Increased use of CRM software. Salesforce observed a 24% increase in usage of CRM since 2019 in SMBs. …
  • Self Serve Culture. …
  • Automation of tasks. …
  • Measure Effectiveness of Training. …

Is quip the largest acquisition by Salesforce to date?

Quip caught Salesforce’s eye, and they quickly snapped it up for $750mil on August 1st. Let’s face it – Salesforce Documents and the CRM Content features are the more… underutilised features. Although there are a number of fantastic document generation tools on the Salesforce market, none can compete with the control and speed that Quip

How to find companies that use Salesforce?

Salesforce CRM Customers List. At eSalesData, you can find all the information that you’ll need to extend your marketing operations to Salesforce CRM user groups all over the world. eSalesData comprises of complete user information of major technology markets across the regions of The USA, North America, South America, UK, Europe, ASIA, New Zealand and Australia.

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When was Salesforce founded?

Founded in 1999, Salesforce enables companies of every size and industry to take advantage of powerful technologies — cloud, mobile, social, voice, and artificial intelligence — to connect to their customers in a whole new way.


When did Salesforce acquire Vlocity?

Vlocity. June 1, 2020: Salesforce completed its acquisition of Vlocity, a leading provider of industry-specific cloud and mobile software for the world’s top companies in communications, media and entertainment, energy and utilities, insurance, health, and government organizations. See more .


3 Reasons Why Salesforce Acquires Businesses

Demand for CRM software is growing. According to the SuperOffice statistics, the CRM business segment’s revenue is expected to reach more than $80 billion by 2025. In turn, Salesforce continues to hunt and acquire innovative companies. What are the primary reasons for such increased interests in software businesses?


Salesforce Activity in Acquiring AI-related companies

The Salesforce State of Connected Customer report states that 62% of customers expect companies to adapt based on their actions and behaviour. Using AI technologies in business processes can help companies provide advanced customer experience and improve customer retention.


Summary

By acquiring digital software in different business niches, Salesforce builds a fully operational ecosystem with its own AppStore. In such a way, Salesforce keeps up the competition with other tech giants like Microsoft and Adobe and stays #1 world’s CRM platform.


Motivation Behind The Salesforce Acquisitions

The CRM software market is prospering. SuperOffice published that the revenues for the CRM business segment are projected to cross $80 billion by the year 2025. Based on this, Salesforce is keen on finding and acquiring innovative companies. You may ask, what is causing this increased interest in software businesses?


Salesforce and The Acquisition of AI Companies

State of the Connected Customer, a report published by Salesforce’s research team, claims that more than 60% of the customers would want companies to improve based on the feedback in terms of actions and behavior of the customer.


10 Massive acquisitions pulled off by Salesforce till 2021

You probably are aware that Salesforce is the pioneer and leading provider of cloud-based CRM software. They offer different products that help connect businesses to their customers. And through continual innovativeness and practical assessment of the market trends, their products are always in huge demand.


Slack

Salesforce’s acquisition of Slack was a $27.7 billion deal that was the talk of the town in the US on December 1st, 2020. While the acquisition came as a surprise to many, the purchase was highly beneficial to Salesforce. Slack could efficiently integrate internal communication among employees with external communication with customers.


ExactTarget

Salesforce extended its reach into marketing software with the acquisition of ExactTarget on June 4th, 2013. The deal value was worth approximately $2.5 billion.


Demandware

We have established that Salesforce is one of the leading names in cloud-based software. And one of their aims is to assist and reinforce salespeople to identify their potential customers and then convert them into actual sales numbers.


Vlocity

Vlocity is a worldwide company that enables select companies to conduct their services effectively. They provide industry-specific solutions; cloud-based and mobile software that enables sales, marketing, and IT remote works.


Tableau

Given their goal to be the best in their industry, Salesforce made an official move for Tableau on June 10th, 2019, spending $15.7 billion in stock.


Krux

Salesforce bought Krux for 800 million dollars on October 3rd, 2016. Out of the $800 million, $340 million was paid in cash, the rest in stock. Krux is a company that delivers more innovative content, commerce, and marketing experiences, thereby helping marketers, publishers, and agencies.


When did Salesforce buy Slack?

On December 1, 2020, it was announced that Salesforce would acquire Slack for $27.7 billion. In February 2021, Salesforce announced that CFO Mark Hawkins would be retiring from his position after six years of working for the company, retaining however a position as CFO emeritus until October.


How much revenue does Salesforce have in 2019?

For the fiscal year 2019, Salesforce reported revenue of US$13.28 billion, an increase of 26% year-over-year and 26% in constant currency. The CRM giant reported subscription and support revenues of US$12.41 billion, an increase of 27% year-over-year.


Why did Salesforce reject donations?

The not-for-profit organization Refugee and Immigrant Center for Education and Legal Services (RAICES) rejected a US$250,000 philanthropic donation from Salesforce because the company has contracts with U.S. Customs and Border Protection. The executive director of Raices, Jonathan Ryan, tweeted that “When it comes to supporting oppressive, inhumane, and illegal policies, we want to be clear: the only right action is to stop” in reference to the rejected donation. Salesforce CEO Marc Benioff responded in an official statement that the company’s employees “don’t work with CBP regarding separation of families. CBP is a customer & follows our TOS. We don’t have an agreement with ICE. I’m Proud of the Men & Women who protect & serve our country every day & I’m Proud of our Ohana .”


What are the tabs in Salesforce?

Salesforce users can configure their CRM application. In the system, there are tabs such as “Contacts,” “Reports,” and “Accounts.” Each tab contains associated information. Configuration can be done on each tab by adding user-defined custom fields.


Is Salesforce a tax avoidance company?

Tax avoidance. In December 2019, the Institute on Taxation and Economic Policy found that Salesforce was one of 91 companies who “paid an effective federal tax rate of 0% or less” in 2018, as a result of the Tax Cuts and Jobs Act of 2017.


Does Salesforce use Solaris?

The company uses the Momentum platform from Message Systems to allow its customers to send large amounts of email.


When was Oracle founded?

The company was founded on February 3, 1999 by former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company, and was launched publicly between September and November 1999.

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