Salesforce has acquired Own Company, a New Jersey-based supplier of knowledge administration and safety options, for $1.9 billion in money.
Own is Salesforce’s largest deal since shopping for Slack in 2021. The firm reportedly thought-about — however in the end determined towards — buying information administration software program agency Informatica earlier this yr.
In a press launch, Salesforce GM Steve Fisher stated that the acquisition “underscores [Salesforce’s] dedication to offering safe, end-to-end options that defend our prospects’ most dear information.”
“Data safety has by no means been extra crucial, and Own’s confirmed experience and merchandise will improve our potential to supply strong information safety and administration options to our prospects,” Fisher continued.
Own, launched in 2015 as OwnBackup (the corporate rebranded final October), gives a variety of enterprise-focused information backup instruments in addition to companies akin to automated backup and catastrophe restoration.
The preliminary thought was to make use of software-as-a-service distributors’ open APIs, together with Salesforce’s, to extract and again up information from an organization’s functions. Beyond Salesforce apps, Own supported Cloud Software apps hosted on AWS and Microsoft.
Founded by Ariel Berkman, Daniel Gershuni and Eran Cohen, Own managed to boost $507.3 million from buyers together with Tiger Global, BlackRock, Insight Partners, Vertex Ventures and Salesforce’s personal Salesforce Ventures previous to right this moment’s buyout (per Crunchbase).
As of August 2021, Own was valued at $3.35 billion.
Today, Own has near 7,000 prospects and a whole lot of workers, and gives a portfolio of knowledge archiving, seeding, safety and analytics capabilities enormously expanded past the corporate’s early product. Own CEO Sam Gutmann sees Own complementing Salesforce’s current information administration tooling and “enabl[ing] Salesforce to supply a extra complete information safety and loss prevention set of merchandise.”
That’d be a pure evolution for Own. As my colleague Ron Miller beforehand wrote, nearly all of the corporate’s backup and restoration enterprise entails the Salesforce ecosystem.
“We’re excited to affix forces with Salesforce, an organization that shares our dedication to information resilience and safety,” Gutmann stated in an announcement. “Together with Salesforce, we’ll ship even larger worth for our prospects by driving innovation, securing information and making certain compliance on the planet’s most complicated and extremely regulated industries.”
Salesforce expects the transaction to shut in This fall of its fiscal yr 2025, topic to regulatory approvals and customary closing circumstances.
