SaaS, short for Software as a Service, is a software distribution model in which a provider hosts both the company's software and its data and makes them available via the Internet. This implies that the software used by the company is not present in the company itself, but that the provider takes care of hosting it in the cloud, as well as its updates and maintenance.
In this post, we will analyse one of the most relevant M&A operations carried out in the sector. This is the recent acquisition of Vlocity by Salesforceone of the leading companies in the sector. This purchase took place on 25 February 2020 and was valued at USD 1.33 billion.
Salesforce is an American software company based in San Francisco, California. It offers a customer relationship management (CRM) service and also sells a complementary set of business applications focused on customer service, marketing automation, analytics and application development. Salesforce and the technology giant Microsoft The leading companies in the sector.
This deal helps you stay on top of SaaS, as Vlocity provides you with the perfect product for Salesforce Sales Cloud, Service Cloud, Communities Cloud and other core Salesforce technologies. Vlocity applications achieve maximum reuse of core Salesforce objects and ensure that Vlocity objects work today and in the future with future versions of Salesforce objects.
Vlocity is an American company, co-headquartered with Salesforce, that is dedicated to providing mobile and cloud software to drive digital transformation for the world's largest companies. It increases sales, service and marketing agility, operational efficiency and time-to-value for cloud and enterprise-wide digital adoption.
It is worth noting that this deal helps Vlocity to stand out in the market by being now partners with one of the most important companies in the Software as a Service industry, Salesforce, making it an important deal for both companies to consolidate against their competitors.
▶ You may be interested in: SAAS: leading companies in the sector