Salesforce Signs Definitive Agreement to Acquire Own Company
2024年9月6日 - 5:35AM
ビジネスワイヤ(英語)
The proposed transaction underscores
Salesforce’s commitment to strengthening data security, privacy,
and compliance across its platform
The #1 AI CRM will enhance its platform with an
industry-leading provider of data protection and data management
services to ensure the availability, security, and compliance of
customer data
Own Company is trusted by nearly 7,000
customers to safeguard mission-critical data
Salesforce (NYSE: CRM), the world's #1 AI CRM, today announced
it has signed a definitive agreement to acquire Own Company, a
leading provider of data protection and data management solutions.
Own empowers organizations to ensure the availability, security,
and compliance of mission-critical data, while unlocking new ways
to gain deeper insights from this data. Under the terms of the
agreement, Salesforce will acquire Own for approximately $1.9
billion in cash, net of the value of the approximately 10% of
outstanding shares currently owned by Salesforce, subject to
customary purchase price adjustments.
"Data security has never been more critical, and Own’s proven
expertise and products will enhance our ability to offer robust
data protection and management solutions to our customers,” said
Steve Fisher, President and GM, Einstein 1 Platform and Unified
Data Services. “This proposed transaction underscores our
commitment to providing secure, end-to-end solutions that protect
our customers’ most valuable data and navigate the shifting
landscape of data security and compliance.”
“We’re excited to join forces with Salesforce, a company that
shares our commitment to data resilience and security,” said Sam
Gutmann, Own CEO. “As digital transformation accelerates, our
mission has expanded from preventing data loss in the cloud to
helping customers protect their data, unlock business insights, and
accelerate AI-driven innovation. Together with Salesforce, we’ll
deliver even greater value for our customers by driving innovation,
securing data, and ensuring compliance in the world’s most complex
and highly regulated industries.”
As a Salesforce AppExchange partner since 2012 and a Salesforce
Ventures portfolio company, Own has grown beyond its initial backup
and recovery offerings, and today is trusted by nearly 7,000
customers to safeguard mission-critical data. The Own Data Platform
provides data archiving, seeding, security, and analytics
capabilities that help customers ensure the availability,
compliance, and security of their mission-critical SaaS data. Own
also helps organizations leverage their historical data to optimize
decision-making and gain a competitive advantage.
Addressing a Growing Need for Data Security
The acquisition comes at a time when customers are increasingly
focused on mitigating data loss due to system failures, human
error, and cyberattacks. The advent of AI has made customers even
more aware of the need to protect and manage access to data. By
investing more deeply in pure cloud-native data protection
solutions, Salesforce aims to accelerate the growth of its Platform
Data Security, Privacy, and Compliance products.
Own’s capabilities will complement Salesforce's existing
offerings, such as Salesforce Backup, Shield, and Data Mask. This
will enable Salesforce to offer a more comprehensive data
protection and loss prevention set of products, further reinforcing
its commitment to providing secure, end-to-end solutions. These
solutions are essential for protecting customers' most valuable
assets—their data—and for deriving the most value from their
historical data by leveraging AI to understand trends and forecast
future growth.
Transaction Details
The transaction is expected to close in the fourth quarter of
Salesforce’s fiscal year 2025, subject to customary closing
conditions, including the receipt of required regulatory approvals.
Based on the expected timing of closing of the transaction, there
is no anticipated change to Salesforce’s fiscal year 2025 financial
guidance, previously announced on August 28, 2024. The transaction
will not impact Salesforce’s capital return program. Salesforce
expects to achieve accretion on a free cash flow basis starting in
the second year following the closing of the transaction and
continuing thereafter.
Forward-Looking Statements
This press release contains forward-looking information related
to Salesforce, Own Company and the acquisition of Own Company by
Salesforce that involves substantial risks, uncertainties and
assumptions that could cause actual results to differ materially
from those expressed or implied by such statements. Forward-looking
statements in this report include, among other things, statements
about the potential benefits of the proposed acquisition and its
lack of impact on previously announced guidance and our capital
return program, Salesforce’s plans, objectives, expectations and
intentions, the financial condition, results of operations and
business of Salesforce and the anticipated timing of the closing of
the proposed acquisition. Risks and uncertainties include, among
other things, risks related to the ability of Salesforce to close
the proposed acquisition on a timely basis or at all; the ability
to realize the anticipated benefits of the proposed acquisition,
including the possibility that the expected benefits from the
proposed acquisition will not be realized within the expected time
period or at all; negative effects of the announcement of the
proposed acquisition on the market price of Salesforce’s common
stock or on the its operating results; transaction costs; unknown
liabilities; the risk of litigation or regulatory actions related
to the proposed acquisition; and the effect of general economic and
market conditions.
Further information on these and other factors that could affect
Salesforce’s financial and other results is included in the reports
on Forms 10-K, 10-Q and 8-K and in other filings Salesforce makes
with the Securities and Exchange Commission from time to time,
including the Salesforce’s most recent Form 10-K. These documents
are available on the SEC Filings section of the Investor Relations
section of Salesforce’s website at www.salesforce.com/investor.
Salesforce assumes no obligation and does not intend to update
these forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240905452826/en/
Carolyn Guss cguss@salesforce.com
Salesforce (NYSE:CRM)
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