The acquisition spree of Salesforce is full on this week. Salesforce is on a move of back to back big purchases. The first purchase was that of a Marketing Software Company that had a target of $2.5 billion. The next is the purchase of the EdgeSpring by the SaaS giant. EdgeSpring is an enterprise of analytics startup and that of business processes. However, the financial terms of the deal have not yet been disclosed but the acquisition is correlated to Salesforce.
EdgeSpring came out of stealth in the last month that also by raising a fund of $11 million. These funds are raised by Light speed Ventures and Kleiner Perkins Caufield & Byers. When you need to know about the flexibility of EdgeSpringe, you will find it interesting that the platform is interesting to build up various applications. The application is analytical in nature that will parse the business intelligence data like that of financial, sales and many more. The company wishes to allow businesses in order to derive the insights of data of different structure and sizes.
EdgeSpring said that it enabled the applications to answer the first order and second order questions. The questions were offered across a semi-structured and a structured data. Vijay Chakravarthy is the co-founder and the CEO of EdgeSpring previously worked in SalesForce. It was explained previously that this part of the EdgeSpiring is a sauce in the patent technology that has been pending since a long time. The powerful platform is centered on EdgeMart that has a powerful store of data and has a lens framework surrounding it.
Keeping the fact aside that EdgeSpring is a part of stealth, it was able to communicate with the customers of high profile. The long list of customers included AppSense, Demandbase, Hara, HighWire, EllieMae, Equinix, Intacct, Lithium, SpruceMedia, Xactly, Docusign, Pandora and Neustar. There is no doubt in that and not even surprising that the sales will be doubling the business analytics, software as well as the intelligence talent. In spite of all these discussions it wise to stay quiet about the purchase of Salesforce on EdgeSpring because things are yet unconfirmed. .