Salesforce, Inc. acquired Phennecs for $16.4 million.
April 03, 2022
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Salesforce, Inc. (NYSE:CRM) acquired Phennecs on April 4, 2022. Salesforce has granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined Salesforce in connection with the acquisition of Phennecs.
Salesforce, Inc. (NYSE:CRM) completed the acquisition of Phennecs for $16.4 million on April 4, 2022. In connection with the Salesforce acquisition of Phennecs LLC in April 2022, the Salesforce issued 77,252 shares for the acquisition. Jane Ross of Hogan Lovells US LLP acted as a legal advisor to Salesforce, Inc.
Salesforce.com, Inc. is the world leader supplier of Customer Relationship Management (CRM) software on request. Net sales by activity break down as follows:
- online subscriptions sale (92.6%): applications for computerizing the sale forces, optimizing the commercial data processing, managing the call centres, managing the relationship with the partners, etc.;
- professional services (7.4%): consulting, implementation and training services.
Net sales are distributed geographically as follows: Americas (67.8%), Europe (22.8%) and Asia/Pacific (9.4%).
SALESFORCE.COM, INC. 
