M&A Deal Summary

Salesforce Acquires Own Company

On September 5, 2024, Salesforce acquired internet software and services company Own Company for 1.9B USD

Acquisition Highlights
  • This is Salesforce’s 33rd transaction in the Internet Software and Services sector.
  • This is Salesforce’s 6th largest (disclosed) transaction.
  • This is Salesforce’s 51st transaction in the United States.
  • This is Salesforce’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-09-05
Target Own Company
Sector Internet Software and Services
Buyer(s) Salesforce
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Own Company

Englewood Cliffs, New Jersey, United States
Own Company provides secure, automated, daily backups and rapid data restore tools of SaaS and PaaS data. Own Company covers data loss and corruption caused by human errors, malicious intent, integration errors, and rogue applications. Own Company was founded in 2015 and is based in Englewood Cliffs, New Jersey.

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Buyer(S) 1

Buyer

Salesforce

San Francisco, California, United States
Category Company
Founded 1999
Sector Internet Software and Services
Employees56,606
Revenue 34.9B USD (2024)
DESCRIPTION
Salesforce office in downtown Chicago, Illinois.
Salesforce office in downtown Chicago, Illinois.

Salesforce is a provider of enterprise cloud computing solutions. The Company's four core services include Sales Cloud, Service Cloud, Marketing Cloud and the Salesforce Platform. Salesforce delivers solutions as a service via all the major Internet browsers and on most major mobile device operating systems. Salesforce was founded in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 62 of 63
Sector (Internet Software and Services) 33 of 33
Type (Add-on Acquisition) 61 of 62
State (New Jersey) 1 of 1
Country (United States) 51 of 51
Year (2024) 1 of 2
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Traction on Demand

Burnaby, British Columbia, Canada

Traction on Demand is a dedicated Salesforce consulting and application development firm delivering cross-platform solutions and standalone SaaS products. Traction on Demand was founded in 2007 and is based in Burnaby, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Zoomin

Tel Aviv, Israel

Zoomin is a knowledge and content orchestration platform. Zoomin turns the underutilized asset of technical product content into a valuable business resource. Zoomin is based in Tel Aviv, Israel.

Buy $450M
Mergr

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Company

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