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AI startup Databricks Raises $1 billion from Microsoft, Google & Amazon

2Feb By AdityaNo Comments

FUNDING

AI startup Databricks Raises $1 billion from Microsoft, Google & Amazon

San Francisco, Feb 2, 2021: AI startup Databricks raises $1 billion in funding in Series G round from Microsoft, Google and Amazon Web Services. Using this round of funding the startup value soar at a $28 billion valuation. Databricks is an analytics-based cloud computing platform that has 5,000 customers, including 40 percent of Fortune 500 companies. "We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI (business intelligence) to AI," said Ali Ghodsi, Databricks chief executive and co-founder. "Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and...

Salesforce acquires workplace app Slack for $27.7 billion

3Dec By AnkitaNo Comments

ACQUISITION

Salesforce acquires workplace app Slack for $27.7 billion

SAN FRANCISCO, 3rd Dec. 2020-- Salesforce (NYSE: CRM), the global leader in CRM acquire ost innovative enterprise communications platform Slack Technologies, Inc. (NYSE: WORK) for $27.7 billion. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. "Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital...

Salesforce Announces Salesforce Tower Dublin, Adding 1500 Jobs

19Jan By AnkitaNo Comments

News

Salesforce Announces Salesforce Tower Dublin, Adding 1500 Jobs

Dublin, Ireland —Salesforce, the global leader in CRM announced its company Tower in Dublin to add 1,500 new local jobs over the next five years. The announcements were made with the Irish Prime Minister, where nearly 1,000 Salesforce employees were present to hear details of the new plans. Salesforce Tower Dublin will be an urban campus of four interconnected buildings located on North Wall Quay within Dublin’s vibrant Silicon Docks, overlooking the River Liffey. Salesforce employees are due to start moving into the 430,000 Sq ft campus in mid-2021. Salesforce Tower Dublin is being developed by Ronan Group Real Estate and Colony Capital. Salesforce has been named one of Ireland’s Best Places to Work for three years and the Best Workplace in Europe in 2018. Salesforce Tower D...

IT Firm Infosys Acquires Finland-based Fluido

15Oct By Gauri SinghNo Comments

ACQUISITION

IT Firm Infosys Acquires Finland-based Fluido

One of India’s largest IT company Infosys has announced the acquisition of Finland-based firm called Fluido. It was in September that the company stated that it would acquire Fluido in a deal worth up to 65 million euros (over Rs 545 crore), including earn-out, management incentives and bonuses. Following this acquisition, the IT firm is expecting to strengthen its position as a leading Salesforce enterprise cloud services provider. Also, Infosys is looking forward to enhance its ability to provide clients with 'cloud-first' transformation. "With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys' presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture," Infosys stated. Fluido i...

USA Based Salesforce Acquires Marketing Firm Rebel

6Oct By Gauri SinghNo Comments

ACQUISITION

USA Based Salesforce Acquires Marketing Firm Rebel

USA’s cloud computing company Salesforce has reportedly acquired Rebel, a startup that develops interactive email services for businesses to enhance their direct marketing services. The startup has claimed that it will be joining Salesforce’s Marketing Cloud operation, which will integrate Rebel’s API-based services into its platform. “With Rebel’s Mail and API solutions, brands, including Dollar Shave Club, L’Oreal and HelloFresh, turn emails into an extension of their website or app – collecting data, removing friction from the conversion process, and enhancing the customer experience. Rebel will enhance the power of Salesforce Marketing Clod and fundamentally change the way people interact with email,” said the founder. Saleforce’s list of acquisitions has been long it competes wit...

25Sep By Gauri SinghNo Comments

BUSINESS

Apple Ties up with Salesforce to Bring Siri to More Business Apps

The technology giant Apple has entered into a partnership with an American cloud computing company Salesforce for the purpose of building the iPhone maker's features such as its Siri voice assistant deeper into Salesforce's own mobile apps. Salesforce apps are widely used in the sales and marketing industries. This is a beneficial deal for Salesforce and in turn, the company will build software tools so that the big businesses that use its back-end technology to power their own apps can make better products with features specific to iPhones and iPads. "If you look at enterprise in general, voice has not been used as much as in consumer," Apple CEO Tim Cook said. "We're going to be able to provide the sales rep instant access to things using your voice instead of c...

17Sep By AnkitaNo Comments

News

Time Magazine Sold For $190 Million

Time Magazine is being sold by Meredith Corp to Marc Benioff, a co-founder of Salesforce, and his wife. The sale is occurring nearly eight months after Meredith Corp. completed its purchase of Time Inc. The Wall Street Journal reported that the iconic news magazine is being sold for USD 190 million to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc publications up for sale in March. Launched by Yale graduates, Time Magazine first went on sale in March 1923 with a cover price of 15 cents. Its circulation was a modest 9,000 copies, according to a corporate history written by Robert T. Elson. Its online platform Time.com audience grew to 31.7 million...

Cognizant To Acquire Noida Based Consulting Company

23Aug By Gauri SinghNo Comments

ACQUISITION

Cognizant To Acquire Noida Based Consulting Company

The intelligence technology company Cognizant has successfully entered into an agreement to acquire a consulting firm called SaaSfocus that specializes in digital transformation, taking the fuller advantage of the Salesforce Platform. The deal is expected to close in the fourth quarter of 2018, subject to certain closing conditions. However, the financial details of the agreement have not been disclosed yet. With this acquisition, the professional services company expects to expand its end-to-end digital transformation services and Salesforce cloud capabilities in the Asia Pacific region. "This acquisition of a respected and successful Salesforce specialist underlines our commitment to helping clients in Australia and India digitally transform their businesses and reshape the way th...

Adobe Acquires Open-Source E-commerce Magento

22May By Sheldan RungasamyNo Comments

ACQUISITION

Adobe Acquires Open-Source E-commerce Magento

Adobe announced yesterday that it has made the acquisition of Magento for the amount of $1.68 billion. The purchase of the company has been done to enable Adobe to set up an e-commerce platform that caters to B2B and B2C and will be an appropriate addition to the company’s Experience Cloud. It will also bolster Adobe’s resources as its competing with Salesforce, which is offering an integrated marketing, sales and service offerings in the cloud and acquired Demandware in 2016 for $2 billion to cater a similar set of functionality. Brent Leary, owner of CRM Essentials is keeping an attentive eye on the relationship between CRM and marketing, stating this acquisition will fill a big gap in Adobe’s Experience Cloud. “Now they have an offering that allows them to close the loop with c...

Salesforce Acquires Demandware About $2.8 billion To Enter in E-Commerce Services

3Jun By reutersNo Comments

ACQUISITION

Salesforce Acquires Demandware About $2.8 billion To Enter in E-Commerce Services

Cloud-based software maker Salesforce.com Inc said it would buy Demandware Inc, whose software is used by businesses to run e-commerce websites, for about $2.8 billion. The deal will help Salesforce open a new front as it looks to take away more market share from traditional software providers such as Oracle Corp and SAP AG, both of which already offer cloud-based e-commerce services. The e-commerce market has been growing at a blistering pace as retailers expand their online presence, boosting demand for software that helps manage functions such as payment processing and inventory management. The lofty premium indicates that there were most likely multiple bidders at the table for Demandware, Stifel Nicolaus & Co analyst Thomas Roderick said, naming Adobe Systems Inc and Orac...