Salesforce Set to Strengthen Data Security with Acquisition of Own Company

Salesforce recently signed a definitive agreement to acquire Own Company, a leader in data protection and management solutions. This strategic move underscores Salesforce’s commitment to ensuring the availability, security, and compliance of mission-critical data for its customers.

With a deal valued at approximately $1.9 billion, the acquisition marks a pivotal step for Salesforce in expanding its data security offerings, empowering organizations to unlock deeper insights while safeguarding their data.

Own Company , a trusted Salesforce AppExchange partner since 2012 and a portfolio company of Salesforce Ventures, has a long-standing reputation in data backup, recovery, and security.

Today, with nearly 7,000 global customers, the Own Data Platform provides robust features like data archiving, security, compliance management, and analytics, helping organizations optimize their decision-making processes by leveraging historical data. This acquisition is set to further bolster Salesforce's growing ecosystem of cloud-native data protection solutions.

A Timely Response to Rising Data Security Concerns

As businesses across industries increasingly prioritize data protection amid rising cyber threats and compliance pressures, Salesforce’s acquisition of Own Company comes at a critical time. The integration of Own’s cutting-edge platform with Salesforce’s existing suite of tools like Salesforce Backup, Shield, and Data Mask will offer customers a more comprehensive data security solution. This move also highlights Salesforce’s proactive approach to addressing the evolving needs of customers in the age of AI, where safeguarding and managing access to data is more crucial than ever.

By enhancing its Platform Data Security, Privacy, and Compliance products, Salesforce is not only responding to market demand but also positioning itself as a leader in the future of AI-driven data protection. The addition of Own’s capabilities will allow customers to gain valuable insights from their historical data, improve decision-making, and better forecast growth—all while ensuring the highest levels of security.

What This Means for Salesforce’s Future

The acquisition is expected to close in Q4 of Salesforce’s fiscal year 2025, following customary regulatory approvals. Notably, Salesforce has confirmed that the transaction will not impact its fiscal year 2025 financial guidance or capital return program. The company anticipates free cash flow accretion starting in the second year post-acquisition, a testament to the strategic financial benefits of this move.

By integrating Own Company’s solutions, Salesforce is poised to offer a best-in-class suite of data protection products that cater to the modern needs of businesses in a data-driven world. The deal signals a new era of growth for Salesforce’s Platform Data Security products, ensuring that customers can protect their most valuable asset—their data—while unlocking new opportunities for innovation and success.

For more detailed information, visit the official site news: Salesforce Signs Definitive Agreement to Acquire Own Company .

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