Economic news
Salesforce to buy data protection provider Own Company for $1.9 billion
2024.09.05 17:15
(Reuters) -Salesforce said on Thursday it would buy Own Company, a provider of data protection and data management solutions, for $1.9 billion in cash.
The acquisition comes at a time when customers are increasingly focused on mitigating data loss due to system failures, human error, and cyberattacks.
Salesforce (NYSE:) said it expects to achieve accretion on a free cash flow basis starting in the second year following the closing of the deal, which it anticipates to be in the fourth quarter of fiscal 2025.
