Salesforce reveals it spent million on the three startups it bought last quarter
Christophe Morin/Bloomberg via Getty ImagesSalesforce CEO Marc Benioff Salesforce spent roughly $75 million on the three startups it acquired last quarter, according to a regulatory filing submitted Friday. Salesforce spent $32.8 million on MetaMind, the natural language processing and image recognition startup it bought in April. It spent an additional $41.6 million on two other companies it didn’t name, but they are likely PredictionIO and Implisit Insights. This is the first time Salesforce publicly disclosed the financial details of these deals. Salesforce’s spokesperson wasn’t immediately available for comment. One interesting nugget from the MetaMind acquisition is that Salesforce recorded $31.2 million in goodwill, which represents the amount paid for the company beyond what’s valued on the balance sheet. That means Salesforce paid a 95% premium to the book value of MetaMind’s assets.…
Link to Full Article: Salesforce reveals it spent million on the three startups it bought last quarter
Salesforce reveals it spent $75 million on the three startups it bought last quarter
