salesforce.com, inc. (NYSE:CRM) is looking to acquire startups in Hyderabad and Bengaluru in the areas of machine learning, deep learning big data and infrastructure engineering, as it encourages entrepreneurs to build products on its platform. This is the first time that the San Francisco-headquartered company is scouting for potential buyouts in India. Theres a robust startup ecosystem in Hyderabad and Bengaluru, Srinivas Tallapragada, President of technology at Salesforce told the newspaper. The startup doesnt just have to be from Hyderabad, it can be from Bengaluru as well. As long as the talent is there, we will have no problem acquiring the company. We tend to invest in startups which either build on our platform or independent companies which will help the ecosystem through their product, he said.
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%).