It’s been a big news day for Salesforce . It announced that co-CEO Keith Block would be stepping down, and that it had acquired Vlocity for $1.33 billion in an all-cash deal. It’s no coincidence that Salesforce targeted this startup. It’s a firm that builds six industry-specific CRMs on top of Salesforce — communications, media and entertainment, insurance and financial services, health, energy and utilities and government and nonprofits — and Salesforce Ventures was also an investor.
Salesforce Grabs Vlocity For $1.33b, A Startup With $1b Valuation
Ron Miller, TechCrunch
Tue, 02/25/2020 - 5:06pm
Topics: it s crms brent leary crm essentials isv veeva techcrunch ray wang constellation research google march vlocity ceo david schmaier salesforce keith block vlocity leary wang series c startup valuation billion deal million company founder industries building analyst important platform industry-specific invested close big buy doesn capital co-ceo part principal
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