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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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More Editorial From SalesForce
Salesforce.com delivers software-as-service offering a family of on demand solutions for integrated sales force automation, campaign management, customer service and support, and document and file management to help companies meet the complex challenges of global customer communication. The company has introduced sforce, a new service that will change how applications are built as significantly as salesforce.com changed how applications are delivered.
SteelBrick helps companies automate quoting, contracting, and billing processes with our Quote-to-Cash product suite.
Published: Tuesday, December 29, 2015