Salesforce Signs Definitive Agreement To Acquire Vlocity

Salesforce recently announced that it has entered into an agreement to acquire Vlocity, Inc. (”Vlocity”), an industry-specific cloud and mobile software provider based natively on the Salesforce platform. Under the agreement, the company will acquire Vlocity for approximately $1.33 billion less the value of the shares currently held by the company, subject to customary purchase price adjustments. The purchase price is paid in cash and the assumption of stock premiums not received by Vlocity employees. Salesforce, CRM`s global leader, has signed a definitive agreement to acquire Acumen Solutions, a leading professional services company with extensive knowledge in the public sector, manufacturing, financial services and more. The technology team advised Vlocity, Inc. in a final agreement to be acquired by Salesforce for approximately $1.33 billion less the value of shares currently held by Salesforce, subject to customary purchase price adjustments. Inc. published this content on December 1, 2020 and is solely responsible for the information it contains. Distributed by the public, untreated and unchanged, on December 01, 2020 21:48:07 UTC I am delighted to share today that Salesforce has signed a final agreement for the acquisition of Vlocity, a Salesforce company. Marketing Technology News: 57% of distributors increase their influence budgets by 2020, reports Linqia ”I am pleased to share that Salesforce has today signed a definitive agreement for the acquisition of Vlocity. Once the transaction is complete, Vlocity – the wonderful company we`ve created as a team, built and developed into a transformational solution for six of the company`s most important sectors – will be part of Salesforce.

With every organization, including the world`s largest companies and customer-focused industries, needing to change digitally, it is more important than ever for our customers to have products that speak the language of their industries. Our extensive expertise in vertical industries enables businesses to digitally transform themselves while providing seamless, industry-specific data processes and models, increasing the agility of distribution, service and marketing, operational efficiency, digital acceptance and simplicity,” wrote David Schmaier, CEO and Founder, Vlocity on the company`s blog. ”It was a great honour for me to lead the team with Marc, who more than quadrupled Salesforce`s $4 billion in sales when I joined more than $17 billion in 2013 last year,” Block said. ”Today, we are a global, sector-focused company with an industry-infused ecosystem, and I am so grateful to our employees, customers and partners. After a fantastic race, I am ready for my next chapter and I remain close to the company as a consultant. It was amazing to be side by side with Marc, and I`m always grateful for our friendship and proud of the way the company is on. Vlocity provides industry-specific cloud and mobile software that introduces global digital processes for customer-oriented industries.