Salesforce to Buy Vlocity for $1.33 Billion, Net of Value of Currently Owned Shares
February 25 2020 - 5:56PM
Dow Jones News
By Josh Beckerman
Salesforce.com Inc. has agreed to buy cloud and mobile software
company Vlocity Inc. for about $1.33 billion, net of the value of
shares currently owned by Salesforce.
Salesforce Ventures is an investor in Vlocity, which said in
March 2019 that $60 million of Series C financing brought its total
funding to $163 million.
Vlocity's backers have included Sutter Hill Ventures, Accenture
PLC, New York Life Insurance Co. and Bessemer Venture Partners.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 25, 2020 17:41 ET (22:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Salesforce (NYSE:CRM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Salesforce (NYSE:CRM)
Historical Stock Chart
From Apr 2023 to Apr 2024
