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Salesforce.com acquires Jigsaw for $142 million

By | April 21, 2010, 6:34am PDT

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

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

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

Ultimately, Salesforce.com will partner with companies like Dun & Bradstreet, Hoover’s and others to build out data. Salesforce.com 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: Salesforce.com statement.

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Salesforce.com Inc., Jigsaw, Sales Force Management, Sales, Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

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Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

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