« AvePoint to Improve Microsoft Dynamics CRM | Main | About SQQL Select »

Benioff to Set $1 Billion for "Possible Acquisitions"

Salesforce announced on Monday that it's about to go shopping for acquisitions with $1 Billion that's going to be raised in debt. The plan is to float convertible bonds due in 2018. The proceeds are said to be used for "general corporate purposes, including funding possible acquisitions of, or investments in , complementary business, services or technologies, working capital and capital expenditures."

It's interesting to note that Salesforce made another quite acquisition on February. The acquired company is EntropySoft; a French software company specializes in management of Web content for enterprises. 





PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.