We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Salesforce (CRM) to Buy Data Analytics Startup BeyondCore
Read MoreHide Full Article
Keeping with its strategy of growing through acquisitions, salesforce.com Inc. (CRM - Free Report) has recently inked an agreement to buy data analytics startup, BeyondCore. The deal was disclosed through a blog posted by BeyondCore’s Chief Operating Officer (CEO), Arijit Sengupta, which was later confirmed by Salesforce CEO, Marc Benioff.
Headquartered in San Mateo, CA, BeyondCore was founded by Sengupta in 2004. According to TechCrunch, BeyondCore has “raised a cumulative $9 million in financing from Menlo Ventures in a Series A back in 2014”. The company specializes in developing enterprise analytics tools that help organizations make smart data discovery.
The acquisition is anticipated to boost Salesforce’s Analytics Cloud division’s capabilities. The terms of the deal have not been disclosed yet, although it is said to close by the end of this year.
Acquisitions have always been one of Salesforce’s key growth strategies. Over the past few years, the company has acquired or partnered with a number of companies. This year alone, the company has completed or is in the midst of as many as nine acquisition deals, which include the recently concluded Demandware buyout.
Cloud computing is a flourishing segment of the technology sector. It has been gaining significant momentum over the past few years. As a result, many companies are now acquiring assets across the world to achieve their long-term goals.
We believe that Salesforce’s sustained focus on expanding its business through strategic acquisitions and investments will drive growth over the long run.
Going forward, we consider the rapid adoption of the Salesforce Customer Platform to be a big positive. The company’s diverse cloud offerings and considerable spending on digital marketing are other catalysts.
Note that in view of increasing customer adoption and satisfactory performances, market research firm Gartner has recognized Salesforce as the leading social CRM solution provider. We believe that increasing adoption of Salesforce’s platforms indicates solid growth opportunities in the ever-growing cloud computing segment.
Salesforce has a Zacks Rank #3 (Hold). A few better-ranked stocks worth considering in the broader technology sector are Adobe Systems Inc. (ADBE - Free Report) , Avid Technology Inc. and Amkor Technology Inc. (AMKR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Salesforce (CRM) to Buy Data Analytics Startup BeyondCore
Keeping with its strategy of growing through acquisitions, salesforce.com Inc. (CRM - Free Report) has recently inked an agreement to buy data analytics startup, BeyondCore. The deal was disclosed through a blog posted by BeyondCore’s Chief Operating Officer (CEO), Arijit Sengupta, which was later confirmed by Salesforce CEO, Marc Benioff.
Headquartered in San Mateo, CA, BeyondCore was founded by Sengupta in 2004. According to TechCrunch, BeyondCore has “raised a cumulative $9 million in financing from Menlo Ventures in a Series A back in 2014”. The company specializes in developing enterprise analytics tools that help organizations make smart data discovery.
The acquisition is anticipated to boost Salesforce’s Analytics Cloud division’s capabilities. The terms of the deal have not been disclosed yet, although it is said to close by the end of this year.
Acquisitions have always been one of Salesforce’s key growth strategies. Over the past few years, the company has acquired or partnered with a number of companies. This year alone, the company has completed or is in the midst of as many as nine acquisition deals, which include the recently concluded Demandware buyout.
Cloud computing is a flourishing segment of the technology sector. It has been gaining significant momentum over the past few years. As a result, many companies are now acquiring assets across the world to achieve their long-term goals.
We believe that Salesforce’s sustained focus on expanding its business through strategic acquisitions and investments will drive growth over the long run.
Going forward, we consider the rapid adoption of the Salesforce Customer Platform to be a big positive. The company’s diverse cloud offerings and considerable spending on digital marketing are other catalysts.
Note that in view of increasing customer adoption and satisfactory performances, market research firm Gartner has recognized Salesforce as the leading social CRM solution provider. We believe that increasing adoption of Salesforce’s platforms indicates solid growth opportunities in the ever-growing cloud computing segment.
SALESFORCE.COM Price
SALESFORCE.COM Price | SALESFORCE.COM Quote
Salesforce has a Zacks Rank #3 (Hold). A few better-ranked stocks worth considering in the broader technology sector are Adobe Systems Inc. (ADBE - Free Report) , Avid Technology Inc. and Amkor Technology Inc. (AMKR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>