Salesforce has spruced up its CRM abilities by writing a $1.33 billion cheque for Vlocity in an all-cash deal.
According to GlobalData the move will mean that Vlocity’s capabilities can he used to further strengthen its platform offerings and enhance its presence across key industry verticals, where Vlocity has its customer base.
Sunil Kumar Verma, Lead ICT Analyst at GlobalData, a leading data and analytics company said Vlocity has a strong presence across several verticals, which include energy, health, insurance, utility, government organisations, communications, media and entertainment. The acquisition means that Salesforce will gain access to key customers of Vlocity, which include Deutsche Telekom, ENGIE and British Gas.
