Salesforce Com (NYSE:CRM)
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2 Months : From Jan 2020 to Mar 2020
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.
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(END) Dow Jones Newswires
February 25, 2020 17:41 ET (22:41 GMT)
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