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Salesforce Ventures invested in the company during both the Series A and Series C funding rounds. Alongside the quarterly earnings, Salesforce also announced that Keith Block was stepping down from his position as Co-CEO, leaving Marc Benioff to hold the fort as sole CEO.. That means it received 8.2x total invested capital ($1.33 billion/ $163 million invested capital), which isn’t a bad return.Per usual, the deal will be predicated on regulatory approval and close some time during Salesforce’s second quarter in fiscal 2021. Vlocity’s feature set will continue to enhance and complement Salesforce’s industry capabilities and product knowledge, open up new industry capabilities built on the Salesforce platform and provide customers with even more tools and expert guidance to digitally transform.“, this time regarding the leadership structure—Salesforce’s co-CEO Keith Block is stepping down, making Mark Benioff the sole Salesforce CEO and Chair from now on. It’s no coincidence that Salesforce targeted this startup. Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top companies in communications, media and entertainment, energy … “It’s a great deal. “Salesforce has been beefing up their abilities to provide industry-specific solutions by cultivating strategic ISV partnerships with companies like Ray Wang, founder and principal analyst at Constellation Research, also liked the deal for Salesforce. On June 1, 2020, Salesforce closed its acquisition of Vlocity. Having funded and hosted Vlocity's development, and been a go-to-market partner, Salesforce knows exactly what it's getting for its $1.33 billion acquisition. In total Vlocity raised $162.8 million in funding over four rounds including a seed round (Source: Crunchbase.com). Salesforce has signed a definitive agreement to acquire Vlocity for $1.33 billion net of the shares already invested by Salesforce Ventures. David is an incredible leader with decades of building industry-specific products and solutions, not to mention the amazing company Vlocity has become.We couldnât be more excited for the future of Industries at Salesforce. 5 ways Salesforce Marketing Cloud inspires outstanding results Salesforce announced on 25 February 2020 that it is acquiring Vlocity for USD1.33 billion (the deal is expected to close in the second quarter of fiscal year 2021). Salesforce to buy Vlocity for $1.3 billion Tuesday's earnings call went beyond finances as Salesforce officials announced changes to its leadership team and details of its latest acquisition. It’s been a big news day for Salesforce .
Salesforce is acquiring Vlocity, a provider of cloud and mobile software built natively on the Salesforce platform, for about $1.33 billion in cash net of Salesforce’s ownership in the company, Salesforce said Feb. 25. Latest Updates: Salesforce Safety and Wellbeing Actions Today, we closed our acquisition of Vlocity. Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top communications, media and entertainment, …
According to a recent IDC report, healthcare, public sector, finance, retail and wholesale, and manufacturing sectors are estimated to have spent $37.5 billion on industry cloud solutions in 2018.
Salesforce reported revenues of $4.85 billion for the fourth quarter of its fiscal year 2020 (which ended Jan. 31) – marking an increase of 35% YoY. Salesforce will acquire Vlocity for approximately $1.33 billion, net of the value of shares currently owned by the Company. This would appear to have been a deal waiting to happen.Brent Leary, founder and principal analyst at CRM Essentials, says Salesforce saw this as an important target to keep building the business. San Francisco-based Vlocity is a leading industry cloud solutions provider that recently joined the Billion Dollar Unicorn club. Salesforce Ventures invested in the company during both the Series A and Series C funding rounds.
Salesforce.com Inc. has agreed to buy cloud and mobile software company Vlocity Inc. for about $1.33 billion, net of the value of shares currently owned by Salesforce. In total Vlocity raised $162.8 million in funding over four rounds including a seed round (Source: Crunchbase.com). The company also quietly dropped a $1.3 billion acquisition bomb in its earnings release. With Vlocity under the same roof, Salesforce has a ready-made solution to offer companies that want fast implementation and tailored system, without cutting out on any of the Salesforce’s powerful features.“It is important for our customers to have products that speak the language of their industries.
Salesforce Ventures invested in the company during both the Series A and Series C funding rounds. Alongside the quarterly earnings, Salesforce also announced that Keith Block was stepping down from his position as Co-CEO, leaving Marc Benioff to hold the fort as sole CEO.. That means it received 8.2x total invested capital ($1.33 billion/ $163 million invested capital), which isn’t a bad return.Per usual, the deal will be predicated on regulatory approval and close some time during Salesforce’s second quarter in fiscal 2021. Vlocity’s feature set will continue to enhance and complement Salesforce’s industry capabilities and product knowledge, open up new industry capabilities built on the Salesforce platform and provide customers with even more tools and expert guidance to digitally transform.“, this time regarding the leadership structure—Salesforce’s co-CEO Keith Block is stepping down, making Mark Benioff the sole Salesforce CEO and Chair from now on. It’s no coincidence that Salesforce targeted this startup. Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top companies in communications, media and entertainment, energy … “It’s a great deal. “Salesforce has been beefing up their abilities to provide industry-specific solutions by cultivating strategic ISV partnerships with companies like Ray Wang, founder and principal analyst at Constellation Research, also liked the deal for Salesforce. On June 1, 2020, Salesforce closed its acquisition of Vlocity. Having funded and hosted Vlocity's development, and been a go-to-market partner, Salesforce knows exactly what it's getting for its $1.33 billion acquisition. In total Vlocity raised $162.8 million in funding over four rounds including a seed round (Source: Crunchbase.com). Salesforce has signed a definitive agreement to acquire Vlocity for $1.33 billion net of the shares already invested by Salesforce Ventures. David is an incredible leader with decades of building industry-specific products and solutions, not to mention the amazing company Vlocity has become.We couldnât be more excited for the future of Industries at Salesforce. 5 ways Salesforce Marketing Cloud inspires outstanding results Salesforce announced on 25 February 2020 that it is acquiring Vlocity for USD1.33 billion (the deal is expected to close in the second quarter of fiscal year 2021). Salesforce to buy Vlocity for $1.3 billion Tuesday's earnings call went beyond finances as Salesforce officials announced changes to its leadership team and details of its latest acquisition. It’s been a big news day for Salesforce .
Salesforce is acquiring Vlocity, a provider of cloud and mobile software built natively on the Salesforce platform, for about $1.33 billion in cash net of Salesforce’s ownership in the company, Salesforce said Feb. 25. Latest Updates: Salesforce Safety and Wellbeing Actions Today, we closed our acquisition of Vlocity. Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top communications, media and entertainment, …
According to a recent IDC report, healthcare, public sector, finance, retail and wholesale, and manufacturing sectors are estimated to have spent $37.5 billion on industry cloud solutions in 2018.
Salesforce reported revenues of $4.85 billion for the fourth quarter of its fiscal year 2020 (which ended Jan. 31) – marking an increase of 35% YoY. Salesforce will acquire Vlocity for approximately $1.33 billion, net of the value of shares currently owned by the Company. This would appear to have been a deal waiting to happen.Brent Leary, founder and principal analyst at CRM Essentials, says Salesforce saw this as an important target to keep building the business. San Francisco-based Vlocity is a leading industry cloud solutions provider that recently joined the Billion Dollar Unicorn club. Salesforce Ventures invested in the company during both the Series A and Series C funding rounds.
Salesforce.com Inc. has agreed to buy cloud and mobile software company Vlocity Inc. for about $1.33 billion, net of the value of shares currently owned by Salesforce. In total Vlocity raised $162.8 million in funding over four rounds including a seed round (Source: Crunchbase.com). The company also quietly dropped a $1.3 billion acquisition bomb in its earnings release. With Vlocity under the same roof, Salesforce has a ready-made solution to offer companies that want fast implementation and tailored system, without cutting out on any of the Salesforce’s powerful features.“It is important for our customers to have products that speak the language of their industries.