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Salesforce (CRM) Stock News, Sep-Oct 2022

CRM NYSE

Salesforce, Inc. reports developments across its enterprise cloud and customer relationship management software business, including AI-enabled products branded around Agentforce, Data 360, Slack and its unified platform for apps, data and customer workflows. Company updates frequently cover customer deployments, expanded cloud integrations, product architecture changes and reporting categories such as Agentforce Apps and Data 360, Platform & Other.

Salesforce news also includes earnings release timing and financial results, capital actions such as share repurchases, equity award grants tied to acquired employees, and partnerships that connect its AI agents and workflow tools with other enterprise technology platforms.

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Salesforce (NYSE: CRM) has appointed Robin Washington as the new Lead Independent Director, effective September 15, 2022. Washington has been a Director since 2013 and has extensive financial expertise gained from roles in technology and healthcare. She succeeds Sanford Robertson, who will remain a Director and Chair of the Nominating and Corporate Governance Committee. Washington's leadership is expected to enhance Salesforce’s strategic direction as the company aims for continued growth, having scaled from $4 billion to over $26 billion in revenue.

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Zywave has announced a strategic partnership with Salesforce aimed at transforming insurance agency workflows during the InsureTech Connect Vegas 2022 event. This collaboration focuses on integrating data-driven solutions to enhance client service and streamline sales processes, ultimately aiming to improve client experiences. The combined offering, Zywave for Salesforce, is set to deliver real-time connectivity for insurance quoting and policy management, benefiting mutual clients. The initiative is expected to foster growth in the insurance sector, with a demonstration scheduled at Dreamforce on September 22, 2022.

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Hill+Knowlton Strategies (H+K) has announced two strategic moves: acquiring JeffreyGroup, a leading communications firm in Latin America, and launching the global Ideal brand focused on technology companies. This acquisition positions H+K as a dominant player in Latin America, doubling its footprint in the region. JeffreyGroup, with nearly three decades of experience, will enhance H+K's capabilities while continuing to operate under its brand. The Ideal brand will cater to the growing demand for strategic communications in disruptive technology, making H+K a preferred partner for tech clients.

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WPP has acquired JeffreyGroup, a leading corporate communications firm in Latin America. This acquisition will double the footprint of Hill+Knowlton Strategies in the region, enhancing WPP's presence in a key growth market. JeffreyGroup, headquartered in Miami with 330 employees across major Latin American cities, has worked with top clients such as Amazon and Salesforce. This move aligns with WPP's strategy to strengthen its communications services, reflecting the increasing demand for agile partners in today's complex environment.

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Emerald Holding’s, Inc (EEX) announced the launch of Decentralization Deciphered (D2), a new brand aimed at supporting corporate leaders in navigating Web 3.0 technologies, including blockchain and NFTs.

The inaugural D2 Summit will take place on October 18-19, 2022, in New York City, featuring top experts from major companies such as Microsoft and Salesforce.

A recent survey showed digital transformation as the top priority for executives, surpassing market stability and competition concerns.

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NTT DATA has signed a definitive agreement to acquire Apisero, a leading MuleSoft consulting firm, enhancing its digital transformation services and adding approximately 2,100 global resources. This acquisition aligns with NTT DATA's strategy to be a preferred partner in digital innovation, expanding its cloud and data engineering capabilities. Apisero's expertise in MuleSoft and Salesforce will support NTT DATA's growth, providing over 1,500 certified MuleSoft consultants. The transaction is subject to customary closing conditions and is expected to close within 30 days.

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Five9 (NASDAQ: FIVN) announced its latest offering, Service Cloud Voice for Partner Telephony, enhancing integration with Salesforce (NEO: CRM). This upgrade meets the rising demand for improved customer experience in contact centers by providing agents and supervisors access to CRM and omnichannel insights. Key features include inbound screen pops, call logging, and data sharing across systems, driving personalized service. The integration aims to boost productivity and create a connected customer experience.

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Salesforce has unveiled new innovations for Slack at Dreamforce 2022, enhancing team productivity and integration with Salesforce Customer 360. Key features include Slack canvas, a customizable workspace for teams to organize data, and improved Slack huddles with video and screen sharing capabilities. The new Slack platform supports faster automation for developers, while the Slack Partner Industry Solutions aim to assist various industries in digital transformation. These updates underscore Salesforce's commitment to optimizing remote and hybrid work environments.

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FAQ

What is the current stock price of Salesforce (CRM)?

Salesforce (CRM) last closed at $233.92.

What is the market cap of Salesforce (CRM)?

The market cap of Salesforce (CRM) is approximately $192.5B.