Salesforce to Acquire Own Company for $1.9 Billion in Cash: Boosting Data Security Portfolio
In a significant move, Salesforce, the American tech giant renowned for its CRM software, has announced the acquisition of Own Company, a cloud-based data security firm, for a substantial $1.9 billion in cash. This strategic acquisition aims to enhance Salesforce’s data security and privacy offerings, reinforcing its position in the market.
A Strategic Partnership Reinforced
Own Company, valued at $3.5 billion in 2021, had a longstanding partnership with Salesforce, with the latter holding a 10% stake in the business. The acquisition is set to be finalized by the end of November 2025, marking a new chapter in Salesforce’s commitment to providing top-notch data management and protection solutions.
Strengthening Data Security in the Digital Age
As businesses worldwide pivot towards digitization, data security has emerged as a critical concern. Own Company has been at the forefront of delivering robust data security solutions, aligning perfectly with Salesforce’s vision. The acquisition will integrate Own Company’s cutting-edge technology into Salesforce’s existing portfolio, which includes AI-based platforms like Salesforce Backup, Salesforce Shield, and Data Masking solutions.
Embracing Innovation: The Tenyx Acquisition
To further bolster its protection and compliance solutions, Salesforce has also revealed plans to acquire Tenyx, an AI-powered voice-based agent. This integration aims to enhance Salesforce’s capabilities in providing smarter responses and proactive security measures to its customers.
Empowering Employees with ‘Career Connect’
In a bid to nurture talent within its workforce, Salesforce has introduced an internal talent marketplace called Career Connect. This AI-powered platform assists employees in gaining valuable job experience, relevant training, and skill development opportunities within the organization. This initiative underscores Salesforce’s commitment to investing in its employees’ growth and development.
A Glimpse into the Future
As Salesforce continues to expand its offerings and strengthen its position in the market, the tech industry is witnessing a wave of transformative acquisitions and innovations. With a focus on data security, compliance, and employee empowerment, Salesforce is poised to lead the way in creating a secure and thriving digital ecosystem.
Are you ready to elevate your data security measures and stay ahead of the curve? Explore Salesforce’s innovative solutions and take your cybersecurity strategy to the next level.
—
For more insights on data security trends and strategies, visit Cybersecurity Insiders.