With about 72,682 employees as of 2024, Salesforce was founded by Marc Benioff (former Oracle executive) <a href="https://x.com/Benioff">Marc Benioff on</a> X | <a href="https://www.linkedin.com/in/marcbenioff?utm_source=share&utm_medium=member_mweb&utm_campaign=share_via&utm_content=profile">LinkedIn</a>, Parker Harris <a href="https://x.com/parkerharris">Parker Harris on X </a>| <a href="https://www.linkedin.com/in/parker-harris-451040211?utm_source=share&utm_medium=member_mweb&utm_campaign=share_via&utm_content=profile">LinkedIn</a>, Dave Moellenhoff <a href="https://www.linkedin.com/in/dave-moellenhoff-b139?utm_source=share&utm_medium=member_mweb&utm_campaign=share_via&utm_content=profile">LinkedIn</a>, and Frank Dominguez on February 3, 1999. The company's headquarters are in Salesforce Tower, San Francisco, California, with Marc Benioff serving as Chairman and CEO. In 2024, Salesforce realized $34.86 billion in revenue and an accruing net income of $4.136 billion<a href="https://en.m.wikipedia.org/wiki/Salesforce"> (Wikipedia).</a> Salesforce’s corporate culture is rooted in the Hawaiian concept of “Ohana,” meaning family.

Overview

Remember when we discussed cloud computing? Remember SaaS?Yes!!! Salesforce is exactly that—a software as a service. Salesforce is an American IT, cloud-based company specializing in helping businesses manage customer relationships through their Customer Relationship Management (CRM) software. It also offers tools to assist businesses with: Sales E-commerce Marketing Customer service App development Analytics

Definite Definition

Think of Salesforce as a company that helps businesses keep track of their customers. That’s its core. Salesforce fundamentally helps businesses to: Keep track of important customer details like contact info, past purchases, and communication history. Sell products. Market new offerings. Assist customers with their problems. Analyze data to make better business decisions—and more.The best part? Everything is done online. Businesses just need to log in and do whatever they need without installing software or managing servers or hardware.

Wen Asked...

In 2014, Salesforce launched the Salesforce1 fund via Salesforce Ventures to support startups building mobile applications. That same year, it acquired RelateIQ (data) for $390 million and launched Trailhead, a free learning platform. The Salesforce UK data center was also established that year to comply with European data regulations. In 2015, Salesforce acquired SteelBrick (software) for $360 million.

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In 2020, Salesforce joined the prestigious Dow Jones Industrial Average, replacing ExxonMobil and remaining there to date. This year also saw the stepping down of Co-CEO Keith Block, leaving Marc Benioff as the sole CEO.

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In 2024, Salesforce continued its acquisition streak by acquiring Own (backup solutions) for $1.9 billion, along with PredictSpring and Tenyx. They also launched Einstein Copilot: Health Actions, an AI assistant for healthcare tasks like managing appointments and patient data.

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In 2022, Salesforce acquired Troops.ai (Slack-bot maker) and Airkit.ai (AI customer service apps). The company ranked 126th on the Fortune 500 list, reporting $26.49 billion in revenue, marking a 25% increase from the previous year. In September, Salesforce also became the world’s largest enterprise software company by ranking 61st globally in terms of market value at $153 billion.

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Salesforce has come a veeeeery loooooooong way! Salesforce’s acquisitions have played a critical role in keeping the company ahead in the cloud technology space. Ultimately, Salesforce remains pumped for more acquisitions, innovative solutions, and pioneering revolutions in the tech industry, especially in cloud computing and cloud technologies.Thank you for reading 🫰You're visionary

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In 2004, Salesforce went public on the NYSE under the ticker CRM, raising $110 million. In 2006, it launched IdeaExchange, an innovative platform for customer feedback. During the same period, it acquired Sendia, a mobile web service, for $15 million, and Keiden, an online advertising service. In 2007, Salesforce acquired Moral, a software for content management. By 2008, Salesforce made significant strides by acquiring Intranet for $31.5 million, getting added to the S&P 500 index, and switching its servers from Sun Microsystems to Dell servers running on Linux.

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Through its cloud platform, Salesforce provides a wide array of services, including: E-commerce solutions for online businesses. Customer support software to enhance customer service. Marketing automation tools to streamline marketing efforts. Data analytics and software creation tools. Sales automation tools to help businesses manage and improve their sales processes.