What year was salesforce founded

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

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Who is the founder of Salesforce?

Salesforce was founded in 1999 by Marc Benioff, a sales executive at Oracle, one of the largest software companies in the world. The company was founded on a single, bold premise – that software should be made available to the masses, on a 24/7 basis, over a global cloud computing infrastructure.

What is so unique about Salesforce?

  • If you have the budget to pay for the subscription, you are ready to use Salesforce. Why? …
  • You can use Salesforce with 1, 10, 100 or 10,000 Employees. It’s completely up to you! Salesforce certainly does not impose any minimum user count.
  • Salesforce integrates with some amazing software such as Yesware (The implementation took us around 5 minutes).

What is the history of Salesforce?

What is Salesforce?

  • Salesforce is a SaaS or Software as a Service, which means there is no need to install the software or server to work on. …
  • It was founded by Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez in 1999.
  • Salesforce was started as a CRM software, but today it provides various products and software solutions to users and developers.

More items…

What is Salesforce Premier success?

Use B2C Commerce Premier Success

  • Learning Objectives. Describe what kind of issues you can escalate for support. …
  • Product Support. B2C Commerce Customer Support provides support for all B2C Commerce products per the master service agreement (MSA).
  • Developer Support. …
  • Case Severity Levels and Response Times. …
  • Excluded Items. …
  • Next Steps. …
  • Resources
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When was Salesforce introduced?

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


What was Salesforce first product?

2008: Salesforce released an official platform for developers, Force.com. This was the world’s first platform-as-a-service. It allowed third parties to deploy apps on Salesforce’s architecture. It also created a new revenue stream for Salesforce, as third parties paid per login to use the platform.


How was Salesforce founded?

Salesforce began in a small apartment in Telegraph Hill in San Francisco. Marc Benioff decided to leave a lucrative sales career at Oracle in order to pursue a vision. While Marc Benioff had the idea for Salesforce, there were three other company founders: Parker Harris, Dave Moellenhoff, and Frank Dominguez.


Why is Salesforce so successful?

One of the reasons that Salesforce is so popular is that it is packed with features like no other CRM software; features such as contact management, workflow creation, task management, opportunity tracking, collaboration tools, customer engagement tools, analytics and an intuitive, mobile-ready dashboard.


Who owns Salesforce?

Marc BenioffMarc Benioff is Chair, Co-CEO, and Co-Founder of Salesforce and a pioneer of cloud computing. Under Benioff’s leadership, Salesforce is the #1 provider of customer relationship management (CRM) software globally and one of the world’s fastest-growing enterprise software companies.


Who are Salesforce competitors?

List of Top Salesforce CompetitorsPipedrive.Freshsales.Salesmate.Zendesk Sell.Keap.HubSpot CRM.ActiveCampaign.Creatio.More items…•


How much money is Salesforce worth?

Salesforce (CRM) gained a lot of value in 2021. For example, Salesforce’s Total Assets grew from $66.301 billion on 31 January 2021 to $95.209 billion on 31 January 2022.


Who invented Salesforce?

SalesforceSalesforce Tower in San FranciscoFoundedFebruary 3, 1999FoundersMarc Benioff Parker Harris Dave Moellenhoff Frank DominguezHeadquartersSalesforce Tower San Francisco, California, U.S.Key peopleMarc Benioff (Chairman & co-CEO) Bret Taylor (Vice Chair & co-CEO)15 more rows


Will Salesforce survive?

Salesforce as a Game Changer It’s predicted that SaaS CRM solutions will reach a deployment rate of 80 to 85% by 2025. The CRM software market in itself is estimated to grow at a rate of about 14% annually in the short-term, through 2017.


What are 6 benefits of Salesforce?

The 6 Greatest Benefits of CRM PlatformsTrustworthy reporting.Dashboards that visually showcase data.Improved messaging with automation.Proactive service.Efficiency enhanced by automation.Simplified collaboration.


Is Salesforce making money?

What is the Revenue of Salesforce? Salesforce reported revenue of $26.2 Billion to $26.3 Billion for the financial year 2022.


How many companies are using Salesforce?

150,000 SalesforceFrom small businesses to FORTUNE 500** companies, over 150,000 Salesforce customers are flourishing on our secure, scalable cloud platform. That’s why we’re the leading enterprise software company for managing customer relationships.


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.


Where was Salesforce launched?

Salesforce launched at the Regency theater and had a surprise for all guests attending. They turned the lower level of the theater into a space that resembled Enterprise Software aka “Hell”, there were screaming salespeople actors in cages and games such as wacka-mole where the moles were other software companies.


What is Salesforce’s biggest acquisition?

Salesforce were on a roll, setting records with some of their biggest acquisitions ever. In 2019 they followed suit and shocked everyone with their $15.7 Billion acquisition of Tableau, one of the world’s leading data visualisation and business intelligence companies.


How much did Salesforce buy Ohana?

In 2018, Salesforce made their biggest acquisition at the time, bringing Mulesoft into the Ohana for $6.5 Billion. This was over double their previous record when they acquired Demandware in 2016 for $2.8 Billion.


What is Salesforce a fish in a pond?

Salesforce stood for something very different, and compared to the behemoth of other industry giants, Salesforce were a tiny fish in a huge pond, they had to stand out. Salesforce launched at the Regency theater and had a surprise for all guests attending.


What is trailhead in Salesforce?

Trailhead is a fun (and free) way to learn Salesforce – an online platform provided by Salesforce that opens up access to learn about the technology and build a career in the industry. Anyone can create an account and learn, which has made Salesforce specific skills accessible for anyone.


Where was the first Dreamforce event held?

This new event was called Dreamforce, and instead of lasting for a few hours, it was held over a few days. The first Dreamforce was held in downtown San Francisco at a hotel called Westin St. Francis and had just over 1000 registered attendees coming to the event with 52 presentations.


Does Salesforce have Einstein Analytics?

This was interesting for a few reasons, but primarily because Salesforce already had an enterprise-grade solution for business intelligence, called Einstein Analytics. As data is quickly becoming one of a company’s most valuable assets, it’s imperative to be able to dissect this data to make informed decisions.


How many employees does Salesforce have?

Fast forward to today, and Salesforce has over 40,000 employees across the globe, and more than 1 million members in its ecosystem, including customers, partners, ISV’s, …


Who is the CEO of Salesforce?

None of this would have been possible without Salesforce’s visionary founder and CEO, Marc Benioff. Marc refers to the past a lot when talking about the founding of Salesforce, claiming that there were many aspects of his earlier years that shaped the Salesforce idea and its growth.


What was Benioff’s first piece of software?

The first piece of software he wrote on that computer from Radio Shack, was called “How to Juggle”. Benioff sold this for $75, a sign of things to come…. Source – Behind The Cloud, p20, Marc Benioff. 3. Liberty Software.


Where did Benioff start Salesforce?

7. Telegraph Hill. Benioff founded Salesforce along with three others, in a small apartment 1 bedroom apartment atop Telegraph Hill in San Francisco. They used the closet as a server room. and were accompanied by posters of the Dalai Lama, Albert Einstein, and two dogs. 8.


Did Benioff buy Time Magazine?

In 2018, Benioff and his wife put their hard-earned cash to work and bought Time Magazine. He and his wife said they were “honored to be stewards of this iconic brand.”, “The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all,” Benioff wrote. “A treasure trove of our history & culture.” Source – Wall Street Journal


Where is Salesforce based?

The company, based in the high-rise Salesforce Tower in San Francisco, reported revenues of $13.28 billion in 2019, making it one of the strongest financial producers in the global software sector. That’s a pretty big deal for a company that’s only been around a few decades. So how did Salesforce ( CRM) – Get Report get to the top …


What is Salesforce model?

Salesforce Model – A “Single Idea”. Salesforce was founded in 1999 by Marc Benioff, a sales executive at Oracle, one of the largest software companies in the world. The company was founded on a single, bold premise – that software should be made available to the masses, on a 24/7 basis, over a global cloud computing infrastructure.


How much is Salesforce worth in 2020?

In 2020, Salesforce stands as one of the most prominent computer software companies the world, with a market cap of $156 billion and a one-year target consensus analyst estimate of $203 per share.


Where was the first Dreamforce convention held?

Getting off the ground was a slow process, but the company turned the corner after its first-ever Dreamforce annual convention, held at the Westin Hotel in San Francisco in 2003, which attracted thousands of attendees.


Does Salesforce pay taxes?

Twelve years later, the company found trouble on the tax and cultural fronts. In 2019, Salesforce was cited as one of many Fortune 500 companies that paid an effective U.S. tax rate of 0% or less, even though it did so legally.


Is Salesforce the big dog?

That’s an impressive outlook for a company that was once dismissed as an “ant at the picnic.”. Instead, Salesforce is the big dog now, in a cloud computing landscape that it helped to create and has dominated in for the past two decades.


2. What does Salesforce do?

Bet Astro wishes they had a nickel for every time this question came up. The company has evolved and grown so much since it was founded in 1999 — and as its size and scope have increased, so has the complexity of this answer.


3. How much information does Salesforce process in 24 hours?

Salesforce brings companies and customers together. In other words, it powers trillions of business-to-business (B2B) and business-to-consumer (B2C) interactions.


5. Where does Salesforce operate around the world?

Salesforce operates in 84 cities, with 110 offices around the world. There are eight Salesforce Towers currently (in Atlanta, Dublin, Indianapolis, London, New York, Paris, San Francisco, and Tokyo) with another two in development (Salesforce Tower Sydney and Salesforce Tower Chicago).


6. How tall is the Salesforce tower in San Francisco?

1,070 feet. Opened in 2018, the Salesforce Tower in San Francisco is 61 stories and 1.4 million square feet of office space.


7. How diverse is Salesforce?

Last year, Salesforce set a goal to have 50% of its U.S. employees from underrepresented groups (Women, Black, Latinx, Indigenous, Multiracial, LGBTQ+ employees, People with Disabilities, and Veterans)by 2023.


8. How much has Salesforce spent to ensure equality in employee salaries?

Salesforce has spent $16 million to date to ensure equal pay for equal work among its global workforce. In 2015, the company committed to investigating and addressing any gender pay gaps.


9. How is Salesforce a sustainable company?

In 2021, Salesforce achieved net zero across its full value chain and reached 100% renewable energy. This means Salesforce has purchased enough renewable energy to match all electricity it uses globally.


What is the story of sales?

The Story of Sales takes viewers on an enlightening and emotional journey through the world — and many subcultures — of sales. Professors, authors, and scholars educate us on where sales came from and how it has evolved, with a focused lens on the most recent centuries of rapid innovation. Practitioners and experts give us an inside view of the pressure and thrill, struggle and connection, disappointment and exhilaration involved in the life of a salesperson. We learn some history of the sales profession, and understand its origins. Scholars share the ways sales grew in lockstep with the growth of societies and innovation. We explore both the ways sales is taught and the qualities that make a great salesperson, along with the internal forces that drive us to sell and be sold to.


Is sales the oldest profession?

Sales is arguably the oldest profession, and yet still struggles to get the respect and legitimacy it likely deserves. From the farmer selling his produce at the market, to the tech startup account executive with their smartphone, sales has come to permeate our societies and be an ever present part of our lives.

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1999

  1. In February, the Salesforce journey begins with a clear vision to be “A World-Class Internet Company for Sales Force Automation.”
  2. On March 8, Salesforce incorporates and Marc Benioff, Parker Harris, Frank Dominguez, and Dave Moellenhoff begin working on the first version of Salesforce’s CRM. Their base is a rent…
  1. In February, the Salesforce journey begins with a clear vision to be “A World-Class Internet Company for Sales Force Automation.”
  2. On March 8, Salesforce incorporates and Marc Benioff, Parker Harris, Frank Dominguez, and Dave Moellenhoff begin working on the first version of Salesforce’s CRM. Their base is a rented one-bedroom…
  3. As the four develop their prototype, they also build a distinctive startup culture. They only work on what they believe is important and necessary, to do it “fast, simple, and right the first time….
  4. The company also writes its first V2MOM(Vision, Values, Methods, Obstacles, and Measures) strategic plan, aiming to provide employees with a clear vision and align the organization around common go…


2000

  1. Like many other tech companies, Salesforce endured challenges brought on by the dot-com bubble bursting, and 20% of the company’s workforce was laid off.
  2. On February 7, salesforce.com officially launches at an event themed around “The End of Software” at San Francisco’s Regency Theater with 1,500 attendees and a concert with The B-52s.
  1. Like many other tech companies, Salesforce endured challenges brought on by the dot-com bubble bursting, and 20% of the company’s workforce was laid off.
  2. On February 7, salesforce.com officially launches at an event themed around “The End of Software” at San Francisco’s Regency Theater with 1,500 attendees and a concert with The B-52s.
  3. In March, Salesforce gets a boost from its first piece of major press coverage, in The Wall Street Journal, when it hires actors to stage a mock protest outside a Siebel Systems conference. The “pr…
  4. Salesforce.org launches the1-1-1 model, leveraging its technology, people, and resources to improve communities around the world.


2001

  1. In April, Salesforce announces its expansion into the worldwide marketplace with headquarters in Dublin and Tokyo.
  2. Salesforce surpasses 3,000 customers, making it the fastest-growing CRM company.
  3. In November, Benioff is named Chief Executive Officer and Chairman.
  4. Salesforce delivers $22.4 million in revenue for the fiscal year, ending January 31, 2002.

See more on salesforce.com


2002

  1. By end of the year, the company has 5,740 customers, 70,000 users in 107 countries accessing the service in multiple currencies and eight languages.
  2. Salesforce delivers $51 million in revenue for the fiscal year, ending January 31, 2003.
  3. Marc Benioff makes a prediction about the future of Salesforce, CRM, and business: “There were the leaders, but Oracle displaced them. The same thing is going to happen again. It’s th…
  1. By end of the year, the company has 5,740 customers, 70,000 users in 107 countries accessing the service in multiple currencies and eight languages.
  2. Salesforce delivers $51 million in revenue for the fiscal year, ending January 31, 2003.
  3. Marc Benioff makes a prediction about the future of Salesforce, CRM, and business: “There were the leaders, but Oracle displaced them. The same thing is going to happen again. It’s the beginning of…


2003

  1. The first Dreamforceevent is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations.
  2. sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
  3. The company’s employees number more than 400.
  4. It establishes a global presence, opening offices in Australia, France, Germany, Ireland, Japan…
  1. The first Dreamforceevent is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations.
  2. sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
  3. The company’s employees number more than 400.
  4. It establishes a global presence, opening offices in Australia, France, Germany, Ireland, Japan, Spain, and the U.K.


2004

  1. On June 23, Salesforce successfully completes its initial public offering on the New York Stock Exchange, raising $110 million at $11 per share.
  2. Salesforce earns $176 million in revenue over the fiscal year ending January 31, 2005.
  3. The company has 767 employees.
  4. The customer base has grown to 13,900.

See more on salesforce.com


2005

  1. In September, Salesforce introduces its AppExchangeservice, offering third-party developers a place to work on their own applications and open them up to Salesforce customers.
  2. By the end of the year, the company’s customer base stands at 20,500 worldwide, with nearly 400,000 unique users.
  3. The company surpasses 1,300 employees by end of fiscal year.
  1. In September, Salesforce introduces its AppExchangeservice, offering third-party developers a place to work on their own applications and open them up to Salesforce customers.
  2. By the end of the year, the company’s customer base stands at 20,500 worldwide, with nearly 400,000 unique users.
  3. The company surpasses 1,300 employees by end of fiscal year.
  4. It has earned $309.98 million in revenue for fiscal year ending January 31, 2006.


2006

  1. Salesforce’s mobile journey starts with the acquisition of wireless technology startup Sendia, and the original Salesforce mobile app, AppExchange Mobile.
  2. The AppExchange ecosystem grows into a vibrant marketplace with 575 apps from 250 independent software vendors.
  3. In a defining moment, Benioff shares his view that business is the greatest platform for chan…
  1. Salesforce’s mobile journey starts with the acquisition of wireless technology startup Sendia, and the original Salesforce mobile app, AppExchange Mobile.
  2. The AppExchange ecosystem grows into a vibrant marketplace with 575 apps from 250 independent software vendors.
  3. In a defining moment, Benioff shares his view that business is the greatest platform for change, publishing The Business of Changing the Worldwith essays by 20 other thought leaders.
  4. The Power of Us partner program launches, engaging Salesforce’s partners with the 1-1-1 philanthropy model.


2007

  1. IdeaExchange (nowTrailblazer Community) launches, inviting customers to contribute new feature ideas for future releases.
  2. At Dreamforce, plans for the Force.com technology platform are announced, which will allow developers to build applications on the Salesforce platform and create any user interface on demand.
  1. IdeaExchange (nowTrailblazer Community) launches, inviting customers to contribute new feature ideas for future releases.
  2. At Dreamforce, plans for the Force.com technology platform are announced, which will allow developers to build applications on the Salesforce platform and create any user interface on demand.
  3. Salesforce reports revenue of $748.7 million for the fiscal year ending January 31, 2008.
  4. Users exceed 1.1 million, from 41,000 customers across the globe.


Overview

Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development.


History

The company was founded in 1999 by former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company. Initial funding for the company came from Larry Ellison and Halsey Minor.
In 2003, Salesforce held its first annual Dreamforce conference in San Francisco. In June 2004, the company had its initial public offering on the New York Stock Exchange under the stock symbo…


Services

Salesforce’s products include several customer relationship management (CRM) technologies, including: Sales Cloud, Service Cloud, Marketing Cloud, and Commerce Cloud and Platform. Additional technologies include Slack, MuleSoft, Tableau Analytics, and Trailhead.
Salesforce’s main technologies are tools for customer management. Other products enable customers to create apps, integrate data from other systems, visualize data, and offer training c…


Operations

Salesforce is headquartered in San Francisco in the Salesforce Tower. Salesforce has international offices in Hong Kong, Israel, and Sydney.
Standard & Poor’s added Salesforce to the S&P 500 Index in September 2008.
According to Marc Benioff, Salesforce corporate culture is based on the concept of Ohana.


Acquisitions

Salesforce has acquired many companies throughout its history.
In 2006, Salesforce acquired Sendia, a mobile web service firm, for $15 million and Kieden, an online advertising company. In 2007, Koral, a content management service, was acquired. In 2008, Salesforce acquired Instranet for $31.5 million. In 2010, Salesforce acquired multiple companies, including Jigs…


Criticisms

In November 2007 a phishing attack compromised contact information on a number of Salesforce customers. Some customers then received phishing emails that appeared to be invoices from Salesforce. Salesforce has stated that “a phisher tricked someone into disclosing a password, but this intrusion did not stem from a security flaw in [the salesforce.com] application or database.”
In 2017 at DEF CON, two security engineers were let go after giving a presentation on an internal …


Salesforce Ventures

In 2009, Salesforce began investing in startups. These investments became Salesforce Ventures, headed by John Somorjai In September 2014, SFV set up Salesforce1 Fund, aimed at start-ups creating applications primarily for mobile phones. In December 2018, Salesforce Ventures announced the launch of the Japan Trailblazer Fund, focused on Japanese startups.
In August 2018, Salesforce Ventures reported investments totaling over $1 billion in 275 compa…


See also

• Salesforce Tower
• Salesforce Tower Indianapolis
• Salesforce Marketing Cloud
• SalesforceIQ

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