Who started salesforce

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History of Salesforce: Timeline and Facts

  • 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.
  • Growth of Salesforce. …
  • Downbeat News. …
  • Going Forward. …

Salesforce began in a small apartment in Telegraph Hill in San Francisco. Marc Benioff

Marc Benioff
Benioff founded the Salesforce Foundation in 2000. Marc and Lynne Benioff have been included in lists of top givers by Forbes and the Chronicle of Philanthropy. In 2010, the Benioffs donated $100 million to UCSF Children’s Hospital.
https://en.wikipedia.org › wiki › Marc_Benioff

Marc Benioff – Wikipedia

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.May 18, 2020

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.

Who should buy Salesforce?

With an expense ratio of 0.51%, the ETF provides you exposure to quality companies such as Amazon, Meta Platforms, Alphabet, PayPal, and Salesforce.com that account for a cumulative 38.4% of the fund. All the companies mentioned here are market leaders and enjoy wide economic moats.

What companies does Salesforce own?

What Companies Does Salesforce Own?

  • Slack. Salesforce shot into the headlines in July 2021 after announcing it would spend $27.7 billion to bring the popular workplace messaging app Slack into its orbit.
  • Tableau. Salesforce officially acquired Tableau in August 2019 for $15.7 billion. …
  • Quip. …
  • MuleSoft. …
  • Acumen Solutions. …
  • Vlocity. …
  • Demandware. …
  • ExactTarget. …
  • Buddy Media. …
  • Krux. …

Who can create the users in Salesforce?

Step One: Add New User

  • From Setup, enter Users in the Quick Find box, then select Users.
  • Click New User to add a single user or click Add Multiple Users to add up to 10 users at a time.
  • Enter each user’s name, email address, and a unique username in the form of an email address. …

More items…

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Who is Salesforce owned by?

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.


When did Salesforce started?

February 1999, CaliforniaSalesforce / FoundedFounded 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.


Who was the first CEO of 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


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.


Does Oracle own Salesforce?

Since Marc Benioff founded the company 20 years ago, Salesforce has run its business on the Oracle Database. Several years ago, Oracle moved aggressively into the SaaS business and became a direct competitor of Benioff’s in the CRM space.


How did Salesforce become so big?

The successful IPO was a testament to how Salesforce had built a product people loved, survived the dot-com bubble bursting, continued growing, and successfully started selling people on their vision for the cloud. In these years Salesforce grew by keeping their product, marketing, and sales strategies tightly aligned.


Is Salesforce bigger than Oracle?

Salesforce’s market capitalization now stands at $180 billion, compared with $174 billion for Oracle.


Does Salesforce use Amazon?

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.


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 are Salesforce competitors?

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


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.


Who is the CEO of Salesforce?

Download. Salesforce Chair & CEO, Marc Benioff, delivers the Dreamforce To You 2020 Keynote from Salesforce Park.


How many developers does Salesforce have?

Salesforce launches Trailhead, empowering anyone — regardless of education level — to develop the skills needed for top tech jobs. The company now has 1.5 million registered developers. Salesforce reaches the $5 billion in annual revenue milestone faster than any other enterprise software company.


What is Salesforce mobilizing around?

Salesforce mobilizes around COVID-19, leveraging our products, resources, and relationships to help our employees, customers and communities navigate this crisis.


How much did Salesforce make in 2005?

Salesforce earns $176 million in revenue over the fiscal year ending January 31, 2005.


What is Salesforce’s largest acquisition?

Salesforce completes its largest acquisition to date with ExactTarget, allowing it to supercharge the power of Marketing Cloud.


What is Einstein in Salesforce?

Salesforce launches Einstein, the first comprehensive artificial intelligence (AI) technology for CRM, making AI accessible to every company and business user.


What is Marc Benioff’s prediction about Salesforce?

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 a brand new technology and business world.”


When did Salesforce start?

Believe it or not, Salesforce started life in March 1999 contained out of a one-bedroom apartment next to Marc Benioff’s house, atop Telegraph Hill, San Francisco. The three men that started working in this tiny office along with Marc? Parker Harris, Frank Dominguez and Dave Moellenhoff. They were also accompanied by posters of the Dalai Lama, Albert Einstein and two Dogs.


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.


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.


Why did Salesforce use AppExchange?

The AppExchange worked because communities work best with market dynamics. It offered partners a place where they could develop their own applications and open them up to all Salesforce customers. Salesforce viewed this as the best opportunity to further a company’s vision and expand capabilities and services.


What is Visualforce in Salesforce?

But Salesforce didn’t stop there, Parker Harris developed a technology called Visualforce that allowed for users to create any user interface they wanted, they could build forms, buttons, links and embed anything they liked. This paved the way for the logical extension of the Salesforce SaaS platform, Platform-as-a-Service.


What was Salesforce called before 2013?

Before 2013 Salesforce had a mobile application called Salesforce Mobile , that gave you access to a select amount of your information from your phone. Unfortunately with the growing mobile age, this wasn’t enough, people needed a better way to interact with all their data, apps and customers.


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.


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 …


When did Salesforce go public?

With its brand name getting out to its network of 8,700 customers and numerous potential investors, Salesforce held an initial public offering in 2004, raising $110 million in the deal. The company’s “day one” stock price stood at $17.25 – today Salesforce ( CRM) – Get salesforce.com, inc. Report stocks trade at $177 per share.


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.


What was Salesforce’s acquisition in 2013?

2013 and 2014 saw more growth and more acquisitions for Salesforce. In 2013, the company purchases ExactTarget, an email service provider, for $2.5 billion. Under the Salesforce umbrella, ExactTarget would become The Marketing Cloud, a key product and service line for the company, providing critical software marketing automation tools and systems for its growing legions of customers.


How much did MuleSoft invest in?

It would top that off with its largest acquisition ever – a $6.5 billion investment in MuleSoft, a major cloud computer integration vendor with major customers like Coca-Cola ( KO) – Get Coca-Cola Company Report, Unilever ( UN) – Get Unilever NV ADR Report and Barclays ( BCS) – Get Barclays PLC Sponsored ADR Report.


Where did Benioff work?

After creating Salesforce in the usual Silicon Valley style – Benioff created the blueprint for his new company in his tiny Telegraph Hill apartment near downtown San Francisco – Benioff went to work.


Why did Benioff review Salesforce?

In April 2015, Benioff announced that he would be reviewing all salaries at Salesforce to ensure men and women were being paid equally for comparable work. On the heels of the salary assessment, Benioff joined President Barack Obama in January 2016 as he celebrated the anniversary of the Lily Ledbetter Fair Pay Act and renewed his call on Congress to pass the Paycheck Fairness Act.


How old was Benioff when he founded Liberty Software?

At 15 years old, he founded Liberty Software, creating and selling games such as Flapper for the Atari 8-bit. Epyx published his King Arthur’s Heir, The Nightmare, Escape from Vulcan’s Isle, and Crypt of the Undead, and by 16, Benioff was earning royalties of $1,500 a month, enough to pay for college.


How long was Benioff at Oracle?

Prior to founding Salesforce, Benioff was at Oracle for 13 years in a variety of executive positions in sales, marketing, and product development. At 23, he was named Oracle’s Rookie of the Year and three years later, he was promoted to vice president, the company’s youngest person to hold that title.


How much did Marc and Lynne buy Time?

On September 16, 2018 Marc and his wife Lynne bought Time for $190m.


Is Salesforce a good place to work?

Fortune Magazine named Salesforce as the World’s Most Admired Company in the software industry four years in a row, and named the company a Best Place to Work eight years in a row. Benioff received an honorary degree of Doctor of Humane Letters from the University of Southern California on May 16, 2014.


Who was Benioff’s mentor?

Before starting his company, Mata Amritanandamayi, a Hindu guru, and Colin Powell were critical mentors for him. Benioff founded Salesforce in March 1999 in a rented San Francisco apartment and defined its mission in a marketing statement as “The End of Software.”.


Does Salesforce cancel travel?

In March 2015, Benioff announced Salesforce would cancel all employee programs and travel in the state of Indiana after the passing of SB 101, the Religious Freedom Restoration Act, a controversial bill which would allow companies and individuals to deny service to LGBT individuals based on religious beliefs.


When did Salesforce start?

Salesforce did not create a great stir when it launched in 1999; most competitors regarded cloud services as a fad and not a good vehicle for CRM. Salesforce’s initial attention was directed at small to medium businesses and by the time competitors woke up to the migration of customers to the cloud, Salesforce had become the world’s largest vendor of CRM.


Who invented CRM?

The beginnings of CRM as we know it started in the 1980s. Robert and Kate Kestnbaum were pioneers of database marketing. Which was a form of direct marketing that analysed the customer database statistically to identify which customers would be most likely to react to a marketing campaign. The concept took off and Kestnbaum, together with Robert Shaw, brought us new concepts and methodologies, ranging from customer lifetime value to channel management. There is a lot of debate about who invented CRM, but, if you take Bob Kestnbaum’s contributions to modern marketing and strategy, he probably has earned the crown.


How did technology impact CRM?

Technologic advancements impacted the CRM market with new devices and new channels , both for internal and customer-facing use. When Siebel launched its “Siebel Sales Handheld”, the other vendors soon followed suit with products of varying consistency and reliability. Market demand created the need and the vendors were quick to respond.


What was the SFA in 1990?

The acronym “SFA” (Sales Force Automation) described these products, that were an amalgamation of database marketing and contact management. One of the early products from a pioneer, Tom Siebel, who was working at Oracle at the time, left to form Siebel and sell his solution, which became the market leader in its day. The ERP companies also saw an opportunity and the market became very competitive. However, not all companies were offering megalithic and expensive solutions. Companies such as Goldmine (1990) and Maximiser (1987) provided off-the-shelf software that was affordable for small businesses, but had enough features that made them attractive to large multinationals. Both companies are still around today.


Where did CRM originate?

The first recorded example of trade dates back 20,000 years, during this time obsidian knives were traded in what is now Papua New Guinea, between islands that had valuable obsidian deposits and those that did not. Obsidian was prized globally in those early times for its suitability for knives and other cutting implements and was traded in early Europe and Asia as well as the Americas.


Where was obsidian traded?

Obsidian was prized globally in those early times for its suitability for knives and other cutting implements and was traded in early Europe and Asia as well as the Americas.


When did automation start?

Automation was eagerly adopted by anyone with record keep concerns and lots of money to spend, starting in the late 1950s and early 1960s.

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22 Years of Salesforce News Highlights


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 rented one-bedroom…
  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.


Salesforce Model – A “Single Idea”

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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. No longer would compa…

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Growth of Salesforce

  • After creating Salesforce in the usual Silicon Valley style – Benioff created the blueprint for his new company in his tiny Telegraph Hill apartment near downtown San Francisco – Benioff went to work. He did so with three business partners Parker Harris, Dave Moellenhoff and Frank Dominguez, with the original funding coming from Larry Ellison, CEO and founder of Oracle and …

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Downbeat News

  • Salesforce has had its share of growing pains – and bad news – throughout its 21 years in operation. In 2007, the company was victimized by an email phishing attack that led to cyber-thieves landing the contact information of Salesforce customers (a company salesperson had inadvertently provided a log-in password to a data fraudster.) Twelve years later, the company fo…

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Going Forward

  • 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. The company is widely cited by in-the-know investors as a major growth stock, with 91% of technology industry analysts tracked by FactSet.com calling CRM either a “buy” or “overw…

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