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    Home»Tech News»Salesforce to Acquire Vlocity for $1.33B

    Salesforce to Acquire Vlocity for $1.33B

    Dhanik Lal SahniBy Dhanik Lal SahniFebruary 26, 2020Updated:January 12, 2025No Comments1 Min Read
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    Salesforce has announced to buy Vlocity, a San Francisco-based cloud and mobile software provider, for approximately $1.33B.

    Vlocity is a leading provider of industry-specific cloud and mobile software, driving digital transformation for the world’s largest companies. A three-time Forbes Cloud 100 Winner (2017 – 2019), Vlocity, is an industry cloud app pioneer built in partnership with Salesforce®, the world’s #1 CRM provider, that increases agility, operational efficiency and simplicity, at a lower cost of ownership for the enterprise.

    The transaction is expected to be finalized in the second quarter of fiscal 2021, subject to regulatory approvals.

    David Schmaier, CEO and founder of Vlocity, announced the deal in a blog post published Tuesday and said Vlocity will bring to Salesforce its deep expertise in government, communications, energy, media and entertainment, insurance, utilities, insurance and health industries to help organizations facilitate digital transformation.

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    Dhanik Lal Sahni
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    With over 18 years of experience in web-based application development, I specialize in Salesforce technology and its ecosystem. My journey has equipped me with expertise in a diverse range of technologies including .NET, .NET Core, MS Dynamics CRM, Azure, Oracle, and SQL Server. I am dedicated to staying at the forefront of technological advancements and continuously researching new developments in the Salesforce realm. My focus remains on leveraging technology to create innovative solutions that drive business success.

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