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Salesforce completes acquisition of Zoomin to enhance Agentforce platform

Sep 24, 202410 months ago

Acquiring Company

Salesforce

Acquired Company

Zoomin

San FranciscoTel Aviv DistrictArtificial IntelligenceInformation TechnologySoftware

Description

Salesforce has acquired Zoomin, a provider of unstructured data management solutions, to strengthen its AI capabilities. The acquisition aligns with Salesforce’s goal to dominate the enterprise AI landscape with its Agentforce platform, offering more comprehensive and context-aware capabilities for customer interactions.

Company Information

Company

Salesforce

Location

San Francisco, California, United States

About

Salesforce CRM is a global leader in customer relationship management software. The company provides cloud-based solutions that optimize customer interactions and enhance business performance. Salesforce is known for its innovative approaches, including artificial intelligence integrations to improve customer engagement.

FundzWatch™ Score

60
High M&A Activity
22 total signals

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed