Salesforce has raised more than $2 billion in a $10 billion deal to acquire rival Salesforce Japan.
The Japanese e-commerce giant announced the deal on Tuesday, making it the largest foreign acquisition of a US company in history.
Salesforce and Salesforce Japanese Chief Executive Richard Smith said the deal would deliver the best possible growth for both companies.
The acquisition of Salesforce will enable the combined company to accelerate sales and enhance the sales experience for customers worldwide.
SalesForce Japan is a leading global provider of e-retailers, and SalesForce Japanese is the leading provider of mobile apps for Japanese users.
Smith said he was confident that the acquisition will deliver sales growth of 30% to 50% by 2020.
Sales force.com/japan has already opened sales and marketing offices in Japan.
“Salesforce.com is a leader in the global marketplace for online and mobile businesses, with more than 5,000 employees and over 2.3 million active users globally,” Smith said.
Sales Force Japan said it would continue to build on its international sales momentum by focusing on areas such as finance, payments, technology, media, and mobile technology.
Salesforces sales team has grown in the last three years.
Salesman.com has over 12,000 members worldwide, according to the company.
The company said it has more than 11,000 active customers.
Salesmen.com’s online community is based in the UK and Ireland, and is the second largest in the world.
Salessages.com.au is the largest e-business online store in Australia, with an active user base of more than 200,000 people.
Salespeople.com said it will continue to invest heavily in international sales growth.
Smith added that Salesforce.co.uk had seen a significant rise in sales and that the combined firm would continue expanding its global reach.
The deal is expected to close in the second half of 2021.
Sales Japan’s President Masashi Nishimura said that SalesForce’s strong global growth had created an opportunity to enhance the user experience for Japanese customers.
The combination of SalesForce.com and Salessources.com will accelerate the growth of Salesforces global sales.
Smith also said that the Japanese company had developed the world’s first e-learning platform for the Japanese market, which it intends to roll out in the first half of 2020.
The sales platform is designed to deliver instant access to Japanese content and resources, and will be built into Salesforce’s cloud platform.
Sales Source: AP.