News : Salesforce Acquires Quote-to-Cash Company Steelbrick
San Francisco, CA, USA, Dec 29, 2015 -- Salesforce acquires quote-to-cash company Steelbrick.
Salesforce said the deal should be completed by April 30, 2016, the end of its fiscal first quarter, if everything goes to plan.
The SteelBrick platform, which runs on Salesforce, offers an app for automating the deal-closing process, from generating quotes and configuring orders to collecting cash.
SteelBrick is a cloud-based company. Analysts believe that the acquisition would allow customers of salesforce.com to add functionality to their CRM systems with fewer integration hassles that they might face with software hosted elsewhere.
Following the acquisition, SteelBrick will be a wholly owned subsidiary of Salesforce.
Posted by Veronica Silva Cusi, news correspondent
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Published: Tuesday, December 29, 2015