Actionable news
All posts from Actionable news
Actionable news in CRM: SALESFORCE.COM Inc,

Salesforce Makes Its Tenth Purchase In 12 Months With BeyondCore Deal

Salesforce Makes Its Tenth Purchase In 12 Months With BeyondCore Deal - Inc NYSE:CRM

On August 22,, inc. CRM 0.36% announced the acquisition of privately held business analytics solution provider, BeyondCore.

BTIG’s Joel P. Fishbein, Jr. maintains a Buy rating on, with a price target of $100.

Tenth Acquisition In 12 Months

“While Salesforce’s recent Quip deal looked like a typical ‘acquihire,’ BeyondCore adds advanced analytics capabilities on top of the Analytics Cloud’s core data visualization functionality,” Fishbein mentioned.

This deal markets the tenth acquisition by over the past 12 months.

Related Link: The Reveal Of Salesforce's Big Bid For LinkedIn Makes This Analyst Nervous

The analyst pointed out that the competitive environment was robust, and was expected to continue to make acquisitions to further differentiate its platform.

“The company’s core product should enhance the data discovery and AI capabilities of the new Salesforce Analytics Cloud,” Fishbein stated, while adding, “Similar to the Quip acquisition, BeyondCore CEO Arijit Sengupta and his team will join Salesforce upon the deal’s expected closure within the year.”

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Aug 2016OTR GlobalDowngradesPositiveMixed
Jul 2016Morgan StanleyMaintainsOverweight
Jul 2016CitigroupMaintainsBuy

© 2016 Benzinga does not provide investment advice. All rights reserved.