Salesforce, Inc. (NYSE:CRM) disclosed that it has signed a definitive agreement to acquire Own Company for around $1.9 billion in cash.
This amount is net of the value of the 10% of Own’s outstanding shares that Salesforce already owns. The transaction is subject to customary purchase price adjustments.
Own Company helps organizations ensure the availability, security, and compliance of critical data while enabling deeper insights.
The proposed transaction highlights Salesforce’s dedication to enhancing data security, privacy, and compliance across its platform.
Steve Fisher, President and GM, Einstein 1 Platform and Unified Data Services said, “Data security has never been more critical, and Own’s proven expertise and products will enhance our ability to offer robust data protection and management solutions to our customers.”
“This proposed transaction underscores our commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data and navigate the ...
