Saleforce acquires SteelBrick

steelbrick_sfdc

I am unsure what this means long-term for Sage Live and other products built on the Salesforce platform. I don’t think I’d want to be developing a quote-to-cash application and competing with a now native Salesforce offering.

On December 23, 2015, salesforce.com, inc. (the “Company”) entered into a definitive agreement (the “Merger Agreement”) to acquire SteelBrick, Inc. (“SteelBrick”). SteelBrick is a next generation quote-to-cash platform, delivered 100 percent natively on the Salesforce platform, that offers apps for automating the entire deal close process-from generating quotes and configuring orders to collecting cash. Following the acquisition, SteelBrick will be a wholly owned subsidiary of the Company.

Under the terms of the Merger Agreement, upon consummation of the acquisition, the Company will issue shares of Company common stock and assume stock options and other equity awards of SteelBrick for an aggregate consideration valued at approximately $360 million ($300 million net of cash acquired) after deducting consideration attributable to Salesforce Ventures’ existing investment in SteelBrick, subject to customary purchase price adjustments.

 

Salesforce 8-K

Salesforce World Tour NYC and Sage Life – Reviewed

Derek_Jeter_SalesforceNYC

Spent the day in NYC at the Salesforce World Tour NYC. I sat in on the keynote at 10am by President Keith Block. For someone who doesn’t know an awful lot about Salesforce other than they offer SaaS CRM which gets pricey as you add-on function – the keynote was interesting. It also featured a surprise Q&A session with ex-NY Yankee player Derek Jeter. Here are my thoughts.

[Read more…]

Inorganic Growth, Rising Costs Named As Factors In Salesforce Quarterly Disappointment

salesforce

Costs of recent acquisitions as well as risings costs combined for a disappointing quarterly earnings report.

[Read more…]

Salesforce Introduces Mobile Government Solutions

salesforce governement solutions

Salesforce is hoping to reach into the government agency with 4 mobile solutions announced today.

[Read more…]