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Salesforce.com Acquires Web Company Dimdim

Jan 07, 2011 --  Customer relationship management (CRM) software maker Salesforce.com has acquired Dimdim, Inc, a US and India based web conferencing company. The acquisition of Dimdim is for approximately USD 31 mn in cash, net of cash acquired.

VCCircle was the first to report in November that Salesforce.com is close to acquiring Dimdim.

Dimdim, founded in 2007, had raised a total of USD 8.4 mn in two rounds of venture funding from the same set of investors which included Mumbai-based Nexus Venture Partners, Index Ventures and Draper Richards - some of whom have backed companies like Skype, Hotmail, and MySQL.

Dimdim’s co-founders are DD Ganguly (CEO), who was founder and CEO of Advanced Internet Management (acquired by Computer Associates), and Prakash Khot, co-founder and CTO of DimDim, who previously led CA’s radio-frequency identification (RFID) Group as CTO.

Salesforce.com will use the acquisition to bring new real-time communication capabilities to the Chatter collaboration platform, mirroring the proven Facebook model of combining collaboration and communication into an integrated service, it said in a statement.

"Facebook has fundamentally changed the way we communicate in our personal lives," said Marc Benioff, chairman and CEO, salesforce.com. "The acquisition of Dimdim will help salesforce.com deliver to the enterprise the same integrated collaboration and communication experience that made Facebook the world’s most popular Internet site."

Posted by Veronica Silva Cusi, news correspondent
Source: http://www.moneycontrol.com


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Date Published: Sunday, January 09, 2011
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