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Salesforce Agrees To Acquire Own Company For Approx. $1.9 Bln In Cash

September 05, 2024 — 05:02 pm EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Salesforce (CRM), Thursday announced that the company has signed a definitive agreement to acquire New Jersey-based Own Company, a provider of data protection and data management solutions, for about $1.9 billion in cash.

The company aims to enhance the growth of its Platform Data Security, Privacy, and Compliance products with the help of Own Company.

The transaction is expected to close in the fourth quarter of Salesforce's fiscal year 2025.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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