Salesforce has signed a definitive agreement to acquire Vlocity. Upon the close of the transaction, the latter will become part of Salesforce.
Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top communications, media and entertainment, energy, utilities, insurance, health and government organizations.
“It is important for our customers to have products that speak the language of their industries,” said Salesforce in a news release. “Vlocity’s feature set will continue to enhance and complement Salesforce’s industry capabilities and product knowledge, open up new industry capabilities built on the Salesforce platform and provide customers with even more tools and expert guidance to digitally transform.”
Salesforce has also announced that Keith Block has stepped down as co-CEO of Salesforce and Marc Benioff is Chair and CEO of the company.