News24: Salesforce (SFT) has acquired the largest cloud-focused analytics and technology platform in the cloud marketplace, Cumulus.
The acquisition will combine Cumulus’ extensive business expertise, as well as the breadth of Salesforce’s existing technology portfolio, to build a strategic and comprehensive cloud platform, which will allow Salesforce to better manage and operate its enterprise solutions, said Salesforce Chief Executive Marc Benioff in a statement.
“We look forward to working with Cumulus to deliver the best possible platform for Salesforce customers,” BenioFF said.
Cumulus has over 3 million active customers and has a growing customer base with more than 1.4 million active members, the company said.
Salesforce said Cumulus has the ability to scale its services to support the growth of its enterprise cloud businesses and help deliver a world-class customer experience across multiple devices and platforms.
Cummulus has more than 70,000 active members and is a member of the Salesforce Cloud Enterprise Program, according to the company.CUMULUS has a broad portfolio of analytics products including Salesforce.com Analytics and Salesforce Analytics Suite, as the company continues to invest in its own analytics capabilities.
Crumulus also offers products that provide business intelligence and analytics, such as Business Intelligence Analytics, as part of its Enterprise Cloud Services portfolio.
Salesforce’s cloud business, which was valued at $5.2 billion in 2016, has expanded to include the SalesForce Cloud Platform, a cloud platform that allows users to run their own cloud-centric applications.
The company recently began rolling out a new version of the cloud platform called Enterprise Services, which is intended to be an open source platform for enterprise-class analytics and analytics solutions.
The company said in a blog post on Tuesday that the acquisition gives Salesforce the flexibility to focus on delivering its business intelligence, and its existing cloud-enabled solutions.
SalesForce is focused on building the world’s most secure, reliable and best-in-class cloud-first solutions and will continue to leverage the expertise and expertise of its Salesforce cloud experts and engineers to drive the next-generation cloud solutions for customers, said Beniof.
“This is an exciting and strategic move for SalesForce, and a strategic one for Cumulus,” he said.
SalesForce and Cumulus have a combined revenue of more than $18 billion and have more than 2.5 million active users.
The combined company has over 7,000 employees in North America and more than 150,000 worldwide.
Sales Force and Cumulus have been working together to build out their respective cloud platforms since the two companies announced their acquisition in 2016.