Salesforce buys productivity software maker Quip for $ 750 million

Aug

2

2016

CRM company Salesforce takes Quip about online word processing and spreadsheet application. Reportedly there is an amount of approximately $ 750 million involved, of which $ 582 million in shares.

The total of 750 million is an estimate that makes TechCrunch following information from anonymous sources. Quip is according to a blog post further under his own name, but under Salesforce. Both the founder of Quip, Bret Taylor, former CTO of Facebook, and Kevin Gibbs, former Google employee, remain at their posts after the acquisition.

Quip is a direct competitor to Google Docs and Microsoft Office. It hopes through Salesforce quicker to get a bigger user crowd behind him through the provision of customer relationship management software from Salesforce.

On the other hand, Microsoft Dynamics CRM again a major competitor of Salesforce. Along with the data that can collect Quip about companies using Salesforce, instead of only the data about customers of companies using Salesforce, the company hopes to grow by helping people with their everyday activities on machine learning, writes Business insider.

Salesforce was also in the race to take over LinkedIn, but Microsoft had let go with his bid of $ 26.5 billion for LinkedIn. Salesforce, LinkedIn wanted to take because of the recruitment division which comes from many sales. Microsoft has also tried to take over Salesforce in the past.

Viewing:-77

In: Technology & Gadgets Asked By: [15187 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »