Salesforce Buys Vlocity for $1.3 Billion

Salesforce rather casually announced during yesterday’s quarterly earnings call that it is buying Vlocity, which builds industry-specific CRM systems on top of the Salesforce platform, for a cool $1.33 billion. The news was buried in the middle of the sixth paragraph of the prepared statement. Just another day at the office, I suppose.

More News

Featured Article

CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

CDPI Newsletter