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@Salesforce $CRM to Acquire @Quip Productivity Platform for $582M

@Salesforce $CRM to Acquire @Quip Productivity Platform for $582M

Salesforce agreed to acquire Demandware (NYSE: DWRE), a leading provider of enterprise cloud commerce solutions, in a $2.8 billion deal. In May, Salesforce agreed to acquire Tel Aviv-based, data-entry automation startup Implisit Insights Ltd, reportedly for “10s of millions of dollars.” Salesforce provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide. The company was founded in 1999 and is headquartered in San Francisco, Calif. It has a market capitalization of roughly $54 billion. Photo: Salesforce Chairman and CEO Marc Benioff.]]>

Salesforce $CRM Said to Buy Tel Aviv-based Implisit Insights for '10s of Millions'

Salesforce $CRM Said to Buy Tel Aviv-based Implisit Insights for '10s of Millions'

Dow Jones Newswires reported. The value of the deal couldn’t be determined, though it is said to be worth “tens of millions of dollars.” The startup helps sales teams focus on specific actions, proven to drive revenue by scanning signals and understanding text from a user’s CRM, calendar and email data. Implisit was co-founded in 2013 by Gilad Raichshtain (CEO) and Elad Donsky (CTO), and is based in Tel Aviv and San Francisco. They previously raised $3.3 million in a single round of venture capital in January 2014.

At 16, Intel recruited Gilad Raichshtain as their youngest engineer at the time. Concurrently, Gilad completed his Computer Engineering studies at Technion – Israel’s Institute of Technology. After 6 years at Intel, Gilad joined the Israeli Prime Minister’s Office for 5 years and founded several startups. Gilad received his MBA from the Wharton School of Business, where he also managed Wharton Ventures. Additionally, Gilad served as Genacast Ventures’ investment team member, a Comcast partnership, supporting several portfolio companies, two of which acquired by Google and one by Adobe.   At 15, Elad Donsky began his undergraduate studies in Mathematics and Computer Science at Tel Aviv University (summa cum laude). Then, during his 6 years with the Government of Israel, Elad and his team received award recognition from the Israeli President, twice. Additionally, Elad graduated (magna cum laude) in CS and Bioinformatics from Tel Aviv University. Elad is an expert in Artificial Intelligence, Data Mining and Cyber Security.
Implisit boosts sales organizations’ performance and revenue by improving lead and opportunity follow-up, pipeline management and forecasting. Its technology captures and analyzes prospect and client communication, automatically matches it with CRM records to provide clear, updated and actionable insights. With Implisit, sales reps get timely alerts on deals and drive better performance with powerful insights on team performance. Managers have the confidence that the CRM data is always up-to-date. This is the latest startup purchase by Salesforce in Israel, said Dow Jones. In 2011 it acquired Navajo Systems, an encryption-service startup and the following year it bought data-mining startup Bluetail Ltd. Salesforce provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide. It offers enterprise cloud computing applications and platform services that enable companies to store data, monitor leads and progress, forecast opportunities, gain insights through relationship intelligence, and collaborate around sales on desktop and mobile devices. The company was founded in 1999 and is headquartered in San Francisco, Calif. As of May 11, 2016, the company had a market capitalization of $52.79 billion. Photo” (Front Row, L-R) Implisit Co-Founders Gilad Raichshtain, CEO, and Elad Donsky, CTO.]]>

Marketo $MKTO Engages Morgan Stanley $MS to Explore Strategic Options, Including Sale

Marketo $MKTO Engages Morgan Stanley $MS to Explore Strategic Options, Including Sale

UPDATED May 31, 2016.

On May 31, 2016, private equity firm Vista Equity Partners agreed to acquire San Mateo, Calif.-based marketing automation platform Marketo Inc. (NASDAQ: MKTO), for $1.79 million in cash. Closing of the deal is subject to customary closing conditions.

San Mateo, Calif.-based marketing automation platform Marketo Inc. (NASDAQ: MKTO) is said to be working with Morgan Stanley (NYSE: MS) to explore strategic alternatives including a potential sale, Bloomberg reported. In reaction to the report, MKTO shares jumped nearly 25% closing today at $26.77, giving the company a market value of $1.19 billion. Industry analysts are said to see SAP (NYSEE: SAP) and Microsoft (NASDAQ: MSFT) as the most likely potential bidders for Marketo. Marketo was founded in 2006 by Phil Fernandez, Jon Miller and David Morandi, all formerly of Epiphany. Headquartered in San Mateo, Calif., the company has additional offices in Portland, Ore., Dublin, Ireland, Tel-Aviv, Israel, and Sydney, Australia. In November 2011, Marketo raised a $50 million funding round led by Battery Ventures, having raised a total of $108.4 million by way of 6 venture capital funding rounds prior to going public on May 17, 2013. Other pre-IPO VC investors included InterWest Partners, Institutional Venture Partners (IVP), Mayfield Fund and Storm Ventures. In May 2015, Marketo acquired San Francisco-based mobile A/B testing company Vessel, formerly Zubhium. In December 2013, it acquired Israeli website personalization startup Insightera for $20 million. In August 2013 it acquired Seattle-based digital marketing software suite Optify, and in April 2012, it acquired SaaS-based social marketing platform Crowd Factory located in San Francisco. Marketo provides a cloud-based engagement marketing software platform. The platform enables execution, management, and analytical measurement of online, social, mobile, and offline marketing activities and customer interactions. It designs, builds, and markets the engagement marketing platform with integrated applications to address the needs of marketing professionals, which include marketing automation, email marketing, mobile engagement, social marketing, digital ads, web personalization, marketing analytics, predictive content, marketing calendar, and sales insight. The company markets and sells its products to business services, consumer, financial services, healthcare, manufacturing, media, technology, and telecommunication industries through distributors, agencies, resellers, and OEMs.]]>