Salesforce has continued its successful spending spree with another acquisition and its largest to date.
The firm has bought ExactTarget for $2.5 billion (£1.62 billion), giving a boost to its marketing power. The acquisition comes just a year after the firm purchased Buddy Media for $689 million.
The decision moves Salesforce into the email marketing business, expanding its existing services of social and mobile marketing and its marketing automation platform. The company has stated that it plans to combine these services to offer a more complete package to its clients.
Salesforce has spent billions on acquisitions in recent years, growing into a major competitor within the sector. However, it appears the firm also knows when to step back and take stock. Salesforce chairman and chief executive Marc Benioff said in a conference calls with analysts this week that the company is due to take a "vacation" from M&A for between a year and 18 months.
This comes just a few months after Mr Benioff stated that Salesforce had a "need to buy more marketing companies". He added that the firm had plans to be "aggressive and look at everything" and that it would buy "small and big" companies in order to build up its skill-set.
Given the change of approach in the latest statement, it looks like Salesforce's aggressive but well-thought through approach has worked out well and fulfilled the company's needs for the time being.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.