Salesforce.com is a cloud computing company headquartered in San Francisco, California. Though its revenue comes from a customer relationship management (CRM) product, Salesforce also tries capitalizing on commercial applications of social networking through acquisition. As of 2015, it is one of the most highly valued American cloud computing companies with a market capitalization of $50 billion, even though it did not turn a GAAP profit in its most recent fiscal year.
While other companies in the Internet of Things Industry are building ways for connected devices to impact industrial and commercial operations, Salesforce.com says that the IoT presents a new opportunity for marketers to glean deeper insights into their prospects and customers. Connected devices allow chief marketing officers to learn how their products are being evaluated and used, what stage of the process the prospects are in and potentially what factors influence buying behavior. Salesforce.com thinks that Internet of Things is not just about connected devices but it’s also about connected products and marketing.
Salesforce was ranked first in Fortune’s 100 Best Companies to Work For in 2018.
Click to see more
Salesforce Details
Operating Status:Active
Business TypePrivate
HeadquartersSan Francisco, California, United States
Founded Date Jun 1st, 1999
Organization CEO Marc Benioff, Keith Block
FoundersMarc Benioff, Parker Harris, Dave Moellenhoff, Frank Dominguez
Shares of Snowflake, a cloud data warehousing firm that has the backing of Salesforce and Warren Buffett’s Berkshire Hathaway, more than doubled on their first day of trading in the biggest software IPO ever.
Snowflake anticipates raising funds through an IPO later this year. Some of the main venture-capital backers that support Snowflake include Sutter Hill Ventures, Sequoia Capital, Redpoint Ventures, Iconiq and Wing Venture Capital.
The tech sector continues to take the markets ahead as indices hit new highs. The U.S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements.
At Coinspeaker we use cookies in order to improve site performance, offer you a better browsing experience and enable you to easily share content.AcceptPrivacy policy
