Salesforce owns $1.2 billion worth of other companies — here are its five biggest investments in public companies (CRM, DBX, DOCU, DOMO, SVMK)

marc benioff

Salesforce brings in billions of dollars in revenue each year from its subscription software subscriptions. But the $98 billion cloud company is also a big investor in other tech companies — and it seems especially fond of pouring money in to other public companies that sell software to businesses. 

And those investments add up. As of August, Salesforce owned $1.2 billion worth of equity in other companies — both public and private — according to a company filing. That's up from $1.02 billion in April.

In a separate filing published Tuesday, Salesforce revealed the size and scope of its biggest holdings. All together, the company's five largest public investments account for $505 million — just short of half the value of its entire portfolio. That's up from the $452 million in public investments Salesforce reported in June.

These are Salesforce's five biggest investments in publicly traded companies:

This story was updated from an original version published on August 13, 2018.

SEE ALSO: What you need to know about Keith Block, the ex-Oracle exec who Wall Street says got a 'well-deserved' promotion to co-CEO of Salesforce

Domo — $1.7 million

Domo, a data visualization software company, went public in June, under a cloud of cynicism from analysts and pundits over the company and its financial prospects. Now, Domo is valued on the public markets at $413 million — almost one-fifth of the $2 billion private valuation at which it had last raised venture capital funding.

None of that has seemed to deter Salesforce, which owns 80,647 shares in Domo. Though that investment was worth $2.2 million in August, that had dipped to just $1.7 million in November. It's Salesforce's fifth-largest public investment, according to the filing. 

 



SurveyMonkey — $55.5 million

Salesforce owns 3,464,912 shares in SurveyMonkey, the online survey software company which went public in September. Altogether, that investment was worth $55.5 million, as of November. That makes SurveyMonkey Salesforce's fourth-largest public investment.

Though Salesforce primarily makes its investments when companies are still private, it did not report on the size of its SurveyMonkey investment until after the smaller company held its IPO.



Twilio — $76.6 million

Salesforce is a big investor in Twilio, the cloud communication company that went public in 2016. Twilio stock is on something of a bull run: It's now trading at about $84 a share — up from about $26 this time last year. 

Salesforce owns 888,517 shares in the company, for a total investment valued at $76.6 million — up from $49.775 million in August. That makes Twilio its third-largest investment. 



See the rest of the story at Business Insider


Contributer : Tech Insider https://ift.tt/2MnqnA1
Salesforce owns $1.2 billion worth of other companies — here are its five biggest investments in public companies (CRM, DBX, DOCU, DOMO, SVMK) Salesforce owns $1.2 billion worth of other companies — here are its five biggest investments in public companies (CRM, DBX, DOCU, DOMO, SVMK) Reviewed by mimisabreena on Thursday, November 15, 2018 Rating: 5

No comments:

Sponsor

Powered by Blogger.