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Showing posts with label salesforce CRM. Show all posts
Showing posts with label salesforce CRM. Show all posts

March 30, 2011

Salesforce Acquires Radian6 For $326 Million

Type Public (NYSE: CRM)
Industry On-demand software
Founded California 1999
Founder(s) Marc Benioff
Parker Harris
Headquarters San Francisco, California
Key people Marc Benioff
(Chairman & CEO)
Parker Harris
(Exec. VP of Technology)
Revenue US$1.306 billion (2009)
Operating income US$115.272 million (2009)
Net income US$80.719 million (2009)
Employees Approx. 6,000 (2011)

Enterprise cloud computing company Salesforce has acquired social media monitoring platform Radian6 for approximately $276 million in cash and $50 million in stock, the companies have announced.

Additionally, approximately $10M in stock and $4M in cash will be issued to founders and will be subject to vesting conditions over two years. The acquisition has been approved by Radian6′s board of directors and stockholders and is expected to close by July 31, 2011, subject to customary closing conditions.
“With Radian6, is gaining the technology and market leader in social media monitoring,” chairman and CEO of Salesforce Marc Benioff said in the company’s announcement.

This is the third large acquisition in recent months by Salesforce, which has acquired Ruby cloud platform Heroku for $212 million in December. That same month, Salesforce also acquired contact management startup Etacts for an undisclosed amount, and in January, the company scooped up web conferencing service Dimdim for $31 million.

Social media management and monitoring space has been the center of several large investments and acquisitions lately. In February, Vitrue secured $17 million in funding, while Buddy Media raised $23 million last October.

The following is a complete list of known acquisitions by
  •     Sendia (April 2006) [ for US$15 million in cash – now Mobile
  •     Kieden (August 2006) – now Salesforce for Google AdWords
  •     Kenlet (January 2007) – Original product CrispyNews used at Salesforce IdeaExchange and    Dell IdeaStorm.       Now relaunched as Salesforce Ideas.
  •     Koral (March 2007) – now Salesforce Content
  •     Instranet (August 2008) – now rebranded to Salesforce Knowledge
  •     GroupSwim (December 2009) – now part of Salesforce Chatter
  •     Informavores (December 2009)  now re-branded to Visual Process Manager
  •     Jigsaw Data Corp. (April 2010)  the proposed deal is expected to close in the second quarter of its fiscal year 2011.
  •     Sitemasher (June 2010)
  •     Activa Live Chat (September 2010)
  •     Heroku (December 2010)
  •     Etacts (December 2010)
  •     Dimdim (January 2011)
  •     Manymoon (February 2011)
  •     Radian 6 (March 2011)