Salesforce said late Thursday it is acquiring a data-protection provider, but the news wasn’t enough to lift shares in Friday trading. The enterprise software company will acquire Own Company for about $1.9 billion in cash, net of the value of the approximately 10% of shares outstanding currently owned by Salesforce. “As digital transformation accelerates, our mission has expanded from preventing data loss in the cloud to helping customers protect their data, unlock business insights, and accelerate AI-driven innovation,” said Own CEO Sam Gutmann in the press release.
Benioff says Salesforce is thinking like a startup with Agentforce, a new AI agent platform that will debut at the company’s annual Dreamforce conference.
Investment advisory firm Ithaka Group released the “Ithaka US Growth Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The second quarter of 2024 saw a surge in optimism among global markets, driven by the anticipation of a looser monetary policy from the Federal Reserve and the ongoing development prospects presented […]