Transactions & Cases Detail
Salesforce.com completes US$350 million acquisition of Radian6
May 2, 2011
350 Million USD
On May 2, 2011, salesforce.com, Inc. completed, through its wholly-owned subsidiary salesforce.com Canada Corporation, the acquisition of all the issued and outstanding shares of Radian6 Technologies Inc., for an aggregate purchase price of US$350 million in cash and stock, subject to adjustments.
The acquisition will enhance all salesforce products - extending the value of the Sales Cloud, Service Cloud, Chatter and Force.com with social intelligence.
Radian6, headquartered in Fredericton, New Brunswick, is the leading social media monitoring, engagement and insights platform with over 2,400 customers including Dell, Kodak, PepsiCo, and UPS, as well as many of the world’s leading public relations and marketing agencies.
Salesforce.com, headquartered in San Fracisco, California, is the enterprise cloud computing company that has transformed the way companies collaborate and communicate. Salesforce.com is leading the effort to bring Cloud 2, the next paradigm for computing, to the enterprise by offering its customers the social collaboration, mobility and openness that are the hallmark of this new world.
McCarthy Tétrault LLP acted for salesforce.com, the acquiror, with a team led by George Maziotis.