Salesforce acquires the data protection provider’s own company

Salesforce

On Thursday, Salesforce revealed its plan to purchase Own Company, a provider of data protection and management solutions, for $1.9 billion in cash. This acquisition aims to boost Salesforce’s business growth, especially in the areas of data privacy and security products.

This acquisition occurs as customers are becoming more concerned with preventing data loss from system failures, human mistakes, and cyber-attacks. 

Salesforce anticipates that the deal, expected to close in the fourth quarter of fiscal 2025, will lead to an increase in free cash flow beginning in the second year post-acquisition.

Salesforce announced that there are no revisions to its fiscal year 2025 forecast and that the acquisition will not affect its capital return program. 

Salesforce

Salesforce. Photo: Interner

Own has secured over $500 million in total funding from investors such as BlackRock, Salesforce Ventures, and Tiger Global, and has formed partnerships with ServiceNow and Microsoft Dynamics 365, as reported on its website. 

Additionally, Salesforce confirmed on Tuesday that it has entered into an agreement to acquire Tenyx, a company specializing in AI-powered voice agents, to strengthen its AI-driven solutions. The financial terms of the deal were not disclosed.

Last year, due to pressure from activist investors, Salesforce revealed plans to double its share buybacks and move away from acquiring additional companies after disbanding its mergers and acquisitions committee. 

However, the California-based company is now contemplating acquisitions to boost revenue growth.

Son Le, the CEO of SphinX, a leading SAP and software company in Vietnam, is acknowledged for his exceptional expertise as a technology consultant. Feel free to connect with him on LinkedIn.

OTHER BLOGS

Blogs

Generative AI in Healthcare: Revolutionizing the Future of Medicine

The rise of artificial intelligence (AI) has significantly impacted various industries, and healthcare is no exception. Among the latest advancements, Generative AI stands out as a groundbreaking technology with the potential to transform patient care, medical research, and clinical workflows. From generating medical images to assisting in drug discovery, Generative...

Read More

Blogs

Harnessing Generative AI: Transforming the Future of Retail

The retail landscape is undergoing a profound transformation, driven largely by advancements in technology. Among these innovations, Artificial Intelligence (AI) stands out as a game-changing force that is reshaping how retailers operate and interact with consumers. Specifically, Generative AI is emerging as one of the most powerful tools for retailers...

Read More

Blogs

17 Mobile App Development Trends To Watch In 2025

The world of mobile app development is constantly evolving, driven by emerging technologies and consumer expectations. As we move into 2025, these trends will shape the future of mobile applications, influencing everything from user experiences to the functionality of apps themselves.  Here are 17 trends to watch for in the...

Read More

OTHER BLOGS

Our Sevices

IoT Development

SphinX offers cutting-edge IoT development services, seamlessly connecting devices and providing innovative solutions for a...

Xem thêm

Our Sevices

Blockchain Development

We are highly proficient in engineering reliable and secure blockchain technologies from the ground up,...

Xem thêm

Our Sevices

ERP & CRM Development

ERP & CRM development services that you need! Streamline business processes and enhance organizational efficiency....

Xem thêm

OTHER BLOGS

Our Sevices

IoT Development

SphinX offers cutting-edge IoT development services, seamlessly connecting devices and providing innovative solutions for a...

Xem thêm

Our Sevices

Blockchain Development

We are highly proficient in engineering reliable and secure blockchain technologies from the ground up,...

Xem thêm

Our Sevices

ERP & CRM Development

ERP & CRM development services that you need! Streamline business processes and enhance organizational efficiency....

Xem thêm