TechTaffy

tech:

taffy

Salesforce signs definitive agreement to acquire CloudCraze

By TechTaffy Desk

Salesforce has signed a definitive agreement to acquire CloudCraze, a B2B commerce platform built natively on Salesforce. Financial terms of the transaction were not shared.

CloudCraze provides B2B commerce experiences for companies including Coca-Cola, Cummins, Ecolab, Land O’ Lakes and WABCO, according to a statement from Salesforce. The company had received a $20 million funding round from Insight Venture Partners and Salesforce Ventures in 2017.

Read the announcement by here Ray Grady, president and chief customer officer of CloudCraze, here: https://cloudcraze.com/news/cloudcraze-signs-definitive-agreement-to-be-acquired-by-salesforce/

Read a statement by Jeff Barnett, CEO, Salesforce Commerce Cloud, here: https://www.salesforce.com/company/news-press/stories/2018/3/031218/

[Image courtesy: Salesforce]

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.