Salesforce Makes Its Tenth Purchase In 12 Months With BeyondCore Deal

Comments
Loading...

On August 22, salesforce.com, inc. CRM announced the acquisition of privately held business analytics solution provider, BeyondCore.

BTIG’s Joel P. Fishbein, Jr. maintains a Buy rating on salesforce.com, with a price target of $100.

Tenth Acquisition In 12 Months

“While Salesforce’s recent Quip deal looked like a typical ‘acquihire,’ BeyondCore adds advanced analytics capabilities on top of the Analytics Cloud’s core data visualization functionality,” Fishbein mentioned.

This deal markets the tenth acquisition by salesforce.com over the past 12 months.

Related Link: The Reveal Of Salesforce's Big Bid For LinkedIn Makes This Analyst Nervous

The analyst pointed out that the competitive environment was robust, and salesforce.com was expected to continue to make acquisitions to further differentiate its platform.

“The company’s core product should enhance the data discovery and AI capabilities of the new Salesforce Analytics Cloud,” Fishbein stated, while adding, “Similar to the Quip acquisition, BeyondCore CEO Arijit Sengupta and his team will join Salesforce upon the deal’s expected closure within the year.”

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
CRM Logo
CRMSalesforce Inc
$253.73-0.32%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
39.55
Growth
95.84
Quality
72.95
Value
7.22
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In: