Salesforce acquires Vlocity in $1.33bn all-cash deal amid executive shuffle

Salesforce is to acquire Vlocity, a provider of industry-specific cloud and CRM apps, for $1.33 billion (£1.04bn) in an all-cash deal – amid an action-packed end to the company’s fiscal year.

The news was tucked away at the very end of Salesforce’s fourth quarter update. The company’s financial results were described as ‘phenomenal’ by CEO Marc Benioff – not co-CEO, more on which...

By James Bourne, 27 February 2020, 0 comments. Categories: CRM, Economy, SaaS , Salesforce, Software.

Snowflake secures $479m in latest funding round alongside key Salesforce partnership

Cloud data warehousing provider Snowflake has announced the closure of a $479 million (£370.6m) funding round, taking the company’s overall funding to $12.4 billion.

The funding, which represents the eighth round since 2012, was led by two new investors, in the shape of Dragoneer Investment Group and Salesforce Ventures. The latter is especially pertinent, as a strategic partnership with Salesforce was also...

By James Bourne, 10 February 2020, 0 comments. Categories: Applications, Data & Analytics, Data Management, Economy, Platform, Salesforce, Software.

Microsoft posts more strong financials and 62% Azure growth – with differentiation key to success

Microsoft saw its Azure business grow 62% in its most recent quarter after posting total revenues of $36.9 billion (£28.2bn) – yet chief executive Satya Nadella was keen to note the breadth of Azure’s stack as well as the bottom line.

The company’s Q220 figures, as ever divided into three primary revenue buckets, saw its ‘intelligent cloud’ stream increase 26% year over year to $11.8bn....

By James Bourne, 30 January 2020, 0 comments. Categories: Economy, Hybrid, Infrastructure, Microsoft, Salesforce, SAP, Software.

Salesforce chooses Microsoft Azure for marketing cloud migration

Salesforce is moving its Marketing Cloud suite onto Microsoft Azure in an expansion of the companies’ partnership – and a big win for Microsoft.

The move will also see the two companies integrate Sales Cloud and Service Cloud with productivity and collaboration suite Microsoft Teams.

“By bringing together the power of Azure and Microsoft Teams with Salesforce, our aim...

By James Bourne, 15 November 2019, 0 comments. Categories: Infrastructure, Microsoft, Salesforce, Software.

How CRM remains the fastest growing enterprise software market – and how Salesforce still dominates

  • Salesforce dominated the worldwide CRM market with a 19.5% market share in 2018, over double its nearest rival, SAP, at 8.3% share
  • Worldwide spending on customer experience and relationship management (CRM) software grew 15.6% to reach $48.2B in 2018
  • 72.9% of CRM spending was on software as a service (SaaS) in 2018, which is expected to grow to 75% of total CRM software spending in 2019
  • Worldwide enterprise application software revenue totalled more than $193.6B in 2018, a 12.5% increase from 2017 revenue of $172.1B. CRM made up nearly 25% of the entire enterprise software revenue...

By Louis Columbus, 09 July 2019, 0 comments. Categories: CRM, Research, SaaS , Salesforce, SAP, Software.

Michael Yamnitsky, Work-Bench: On enterprise machine learning and why ‘it’s a good time to be a mega cloud’

The future of enterprise software will be in some part automated, with machine learning (ML) and artificial intelligence (AI) technologies really starting to come to the fore. For all the actors cast in this fascinating drama – from the largest cloud vendors to startups, and from business analysts to data scientists – it’s time to either start learning their lines or, in some cases, rip up the script altogether.

The script in...

By James Bourne, 03 September 2018, 0 comments. Categories: Applications, Research, SaaS , Salesforce, Software.

Dropbox and Salesforce commit to deeper strategic partnership

Dropbox continues to make progress after its IPO filing earlier this month, announcing a strategic partnership with Salesforce to connect platforms through new integrations.

The two companies are in their own ways poster children of the software as a service revolution; Salesforce being the first SaaS company to cross a billion dollar annual run rate, Dropbox being the fastest to do it.

While the duo already offered some level of integration – the Dropbox for Salesforce app has been available on...

By James Bourne, 09 March 2018, 0 comments. Categories: SaaS , Salesforce, Software, Storage.

Salesforce joins the CNCF recognising the power of containerisation

Salesforce has joined hands with the leading force in the containerisation space, the Cloud Native Computing Foundation (CNCF),

Being the owner of Kubernetes, the popular open-source container orchestration tool, the CNCF has gained momentum recently with a large number of renowned cloud technology companies joining it in 2017 such as AWS, Oracle, Microsoft, VMware, and Pivotal.

Salesforce, although a Software as a service (SaaS) vendor, has realised that containerisation provides a way to more tightly...

By Cloud Tech, 08 December 2017, 0 comments. Categories: Containers, Salesforce.

Google to become Salesforce’s preferred cloud provider in new partnership

Meet the cloud’s newest strategic partners: Salesforce and Google. The two companies announced a deal at Dreamforce late yesterday, with Google Cloud becoming Salesforce’s preferred public cloud provider alongside new product integrations.

There were four primary integrations announced. Salesforce Lightning for Gmail enables users to surface Salesforce CRM data in Gmail, as well as customer interactions from Gmail directly within Salesforce. Lightning for Sheets allows the Google spreadsheet tool...

By James Bourne, 07 November 2017, 0 comments. Categories: Collaboration, Google, Public, Salesforce, Software, Vendors.

Salesforce cloud economy set to create 3.3 million jobs worldwide by 2022

When Salesforce was founded by two ex-Oracle executives in 1999, not only would the software landscape be changed, but a new economy would form underneath it.

A new report from IDC puts the number of jobs created by Salesforce and its ecosystem at 3.3 million worldwide between the end of 2016 and 2022.

The Salesforce ecosystem, the analyst firm asserts, is almost four times as big as Salesforce itself, as organisations who spend on cloud computing products also need to layout on ancillary services. In the six...

By James Bourne, 24 October 2017, 0 comments. Categories: Economy, Research, Salesforce, Software.