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Salesforce Buys Own for $1.9B To Boost Data Security Portfolio
The deal is expected to close during Salesforce's fiscal fourth quarter of 2025. Salesforce (CRM) is expanding its reach into data security by purchasing startup Own for $1.9 billion in cash. Salesforce President Steve Fisher said the acquisition would add to Salesforce's ability "to offer robust
[2]
Salesforce To Buy Own For $1.9B In Data Protection Push
Own Co. CEO Sam Gutmann founded Intronis in 2003 and led the company for about seven years as CEO. Barracuda Networks bought Intronis in 2015. Salesforce plans to buy data protection and management vendor Own Co. for about $1.9 billion in cash amid the customer relationship management vendor's big
[3]
Salesforce's acquisition of Own looks to reinforce data cloud platform
Salesforce (NYSE:CRM) announced a second proposed acquisition this week when the company revealed it plans to buy Own, a provider of software as a service data protection and activation, for $1.9B. The announcement came just two days after Salesforce said it had entered into a definitive agreement
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Salesforce Strengthens Data Protection With $1.9B Acquisition Of Own
Salesforce Inc. said on Thursday it agreed to acquire data protection and data management solutions startup Own for $1.9 billion to strengthen data security, privacy, and compliance across its platform. The deal comes at a time when customers are increasingly focused on mitigating data loss due to
[5]
Salesforce set to buy cloud data backup specialist Own Company for $1.9B in cash - SiliconANGLE
Salesforce set to buy cloud data backup specialist Own Company for $1.9B in cash Salesforce Inc. said today it will splash $1.9 billion in cash to buy a startup called Own Co., previously known as OwnBackup Ltd., which sells tools for backing up data in cloud-based applications. The deal is
[6]
Salesforce Nears Deal to Buy Startup Own for $2 Billion
(Bloomberg) -- Salesforce Inc. said it was buying data protection and management solutions provider Own for $1.9 billion, the company's second acquisition this week. The deal "underscores our commitment to providing secure, end-to-end solutions that protect our customers' most valuable data,"
[7]
Salesforce to buy Own Company for $1.9 billion; analysts 'really like' the deal By Investing.com
Investing.com -- Salesforce (NYSE: NYSE:CRM) announced on Thursday that it will acquire Own Company, a provider of data protection and management solutions, for $1.9 billion in cash. Through the deal, Salesforce aims to improve the growth of Salesforce's data security and privacy products. The
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Salesforce Expands Data Security Portfolio with $1.9B Own Company Acquisition - Salesforce (NYSE:CRM)
The deal is expected to close in Q4 FY25, with free cash flow benefits starting in the second year. Salesforce, Inc. CRM disclosed that it has signed a definitive agreement to acquire Own Company for around $1.9 billion in cash. This amount is net of the value of the 10% of Own's outstanding
[9]
Salesforce snaps up Own Company in $1.9bn deal
This is the largest deal for Salesforce since buying Slack and will use Own Company to boost its data security offering. Customer relationship management (CRM) giant Salesforce has signed a definitive agreement to acquire Own Company, a data protection and data management software
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Salesforce, the cloud-based software giant, has announced its acquisition of Own, a data protection company, for $1.9 billion. This move aims to enhance Salesforce's data security portfolio and strengthen its Data Cloud platform.

Salesforce, the leading customer relationship management (CRM) platform, has announced its plans to acquire Own, a cloud data backup and protection company, for $1.9 billion in an all-cash deal
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. This strategic move is set to bolster Salesforce's data security portfolio and enhance its Data Cloud platform, addressing the growing concerns around data protection in the digital age.Own, founded in 2020, specializes in providing comprehensive data protection solutions for businesses
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. The company offers a range of services, including backup, disaster recovery, and compliance management, catering to the increasing demand for robust data security measures in cloud environments.The acquisition of Own is expected to significantly reinforce Salesforce's Data Cloud platform
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. By integrating Own's advanced data protection technologies, Salesforce aims to provide its customers with enhanced security features, ensuring the safety and integrity of their valuable data assets.This acquisition reflects the growing importance of data protection in the tech industry. As businesses increasingly rely on cloud-based solutions, the need for robust security measures has become paramount. Salesforce's move is seen as a response to this trend, positioning the company to better compete in the evolving market landscape
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.The $1.9 billion all-cash transaction is expected to close in the first quarter of Salesforce's fiscal year 2025, subject to customary closing conditions and regulatory approvals
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. This significant investment underscores Salesforce's commitment to expanding its capabilities in the data protection sector.Related Stories
With this acquisition, Salesforce customers can anticipate enhanced data protection features integrated into their existing CRM and cloud solutions. The move is expected to provide a more comprehensive and secure environment for managing sensitive business data, addressing concerns related to data breaches and compliance requirements.
The tech industry has responded positively to this acquisition, viewing it as a strategic step in Salesforce's evolution. Analysts predict that this move will not only strengthen Salesforce's market position but also drive innovation in the field of data protection, potentially setting new standards for the industry as a whole.
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