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Salesforce ( (CRM) ) has issued an announcement.
Salesforce has announced the acquisition of Own Company, a top provider of data protection and data management solutions, in a $1.9 billion cash deal expected to close in the fourth quarter of Salesforce’s fiscal year 2025. This strategic move, aimed at bolstering Salesforce’s data security and compliance capabilities, will integrate Own’s trusted services—currently serving nearly 7,000 customers—with Salesforce’s robust AI CRM platform. The acquisition is set to fortify Salesforce’s commitment to data resilience, providing customers with comprehensive data protection and leveraging AI for enhanced business insights, without affecting the company’s fiscal year 2025 financial guidance or capital return program.
Learn more about CRM stock on TipRanks’ Stock Analysis page.