Wednesday, April 28, 2010

Salesforce.com buys Jigsaw for $142M

Salesforce.com acquired business data company Jigsaw on April 21, in a bid to compete in the data services arena. The $142 million deal is expected to close in the second quarter of fiscal year 2011, which begins on May 1 of that year.

Jigsaw's database includes 21 million executives. Its 1.2 million members, including some of these executives, update data in a “crowdsourced” manner, similar to how a Wikipedia entry is edited.

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Source: DM News

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