It was BIG news when Salesforce announced the $326 Million purchase of Fredericton’s Radian6 in March.
At the time TechCrunch wondering if Salesforce might have overpaid for the social media monitoring company.
While we know that Salesforce has been actively pushing its social strategy with the debut of a Twitter and Facebook-like Chatter and the Service Cloud 3, $300-million plus is a lot of money for the CRM giant to shell out for a single company. In a press call with Salesforce executives and analysts yesterday, the company’s CEO and founder Marc Benioff said that Radian6 currently has a revenue run rate of $35 million and is expected to add $40 to $50 million in revenue to Salesforce’s top line this year.
Get the inside scoop on the story at the Banff Venture Forum 2011 (BVF) this Fall.
BVF organizers announced this week that Radian6 CFO Jeff White will be their keynote dinner speaker and his presentation is titled: Big Exits – The Radian6 Exit Story Behind This Year’s $300+ Million Sale to Salesforce.com
Hear all about the recent acquisition of Radian6, the Fredericton based social media monitoring company, by cloud computing giant Salesforce.com – the ups, the downs and everything in between!
Radian6’s software platform brings social networking to the next level, helping businesses listen, discover, measure and engage in conversations across the social web. Congratulations to Jeff and the entire Radian6 team on a hugely successful exit and don’t miss the opportunity to hear about this $326 million, home grown Canadian success story directly from one of the key players.
The Banff Venture Forum 2011 is on October 6th and 7th at the Fairmont Banff Springs Hotel and you can register online.