Salesforce, the world’s leading AI-powered CRM, has announced the acquisition of Own Company, a provider of data protection and management solutions, for $1.9 billion in cash. This deal reinforces Salesforce’s focus on delivering secure, end-to-end solutions in data protection and compliance. Own, a Salesforce AppExchange partner since 2012, supports nearly 7,000 customers with its cloud-native platform that provides data archiving, security, and analytics. This acquisition aims to strengthen Salesforce's existing data security products, including Salesforce Backup and Shield, as the need for robust data protection grows with increased digital transformation and AI integration.
Own Company’s expertise in data resilience and security will complement Salesforce's product portfolio, helping clients prevent data loss and unlock business insights. Both companies emphasize the importance of safeguarding mission-critical data amid evolving risks such as cyberattacks and system failures. The transaction is expected to close in the fourth quarter of Salesforce’s fiscal year 2025, with no anticipated changes to Salesforce’s fiscal guidance. Salesforce projects that the acquisition will contribute to free cash flow growth by the second year post-closing, marking another step forward in its strategy to enhance data management and security solutions.
