Salesforce Announces Takeover To End 2015
Summary
B2B Software-as-a-Service giant Salesforce has announced an acquisition it will make in 2016 for $360 million, the company revealed in a blog post late last week. “Being a part of Salesforce will give us an amazing opportunity to accelerate our delivery of fully integrated quote-to-cash applications right within Salesforce, helping thousands more customers grow revenue faster than ever before,” said SteelBrick CEO Godard Abel, according to reports. The Salesforce acquisition was confirmed through a filing with the Securities and Exchange Commission, reports added. Earlier this year, SteelBrick acquired Invoice IT in a move that added a billing feature to the SteelBrick suite, allowing companies that quote and price their services to also collect payment from the firms with which they strike a deal. In an interview with PYMNTS at the time, Abel said SteelBrick helps companies manage their accounts receivable processes through the Invoice IT takeover, which was integrated into the company and relaunched as the SteelBrick Billing tool.
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