Actionable news
0
All posts from Actionable news
Actionable news in CRM: SALESFORCE.COM Inc,

Salesforce (CRM) Stock Gains on $100 Million European Investment

NEW YORK (TheStreet) -- Salesforce.com (CRM - Get Report) stock is rising by 1.48% to $77 on heavy trading volume on Tuesday, after the company's subsidiary Salesforce Ventures agreed to invest $100 million in Europe.

Salesforce Ventures, a global corporate investment group, will invest in European startups to boost cloud innovation in the region.

The European public cloud software market is expected to grow 12 times faster than other IT segments to an estimated 33.3 billion euros by 2019, according to IDC.

Exclusive Look Inside: You see Jim Cramer on TV. Now, see where he invests his money. Check out his multi-million dollar portfolio and discover which stocks he is trading. Click here to see the holdings for 14-days FREE.

"There is so much incredible innovation happening in Europe today and we want to empower the next generation of enterprise cloud startups in the region," John Somorjai, EVP of Corporate Development and Salesforce Ventures, said in a statement. "Our $100 million commitment strengthens our mission to help startups grow and give back to their communities."

San Francisco, CA-based Salesforce is a...


More