acquires Jigsaw for $142 million acquires Jigsaw for $142 million

Summary: has acquired Jigsaw, which offers cloud-based data services, for $142 million.

SHARE: said Wednesday that it has acquired Jigsaw, which offers cloud-based data services.

The deal, valued at $142 million, gives a Wikipedia-like business contact system. said it plans to combine its CRM applications with Jigsaw's cloud model for collecting business contact data.

Ultimately, will partner with companies like Dun & Bradstreet, Hoover's and others to build out data. said in a statement that the acquisition marks its "entry into the $3 billion cloud-based data services market."

In the Jigsaw model, community members cleanse the data and accumulate points for maintaining quality information. Jigsaw has more than 1.2 million members.

Source: statement.

Topic: Enterprise Software

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