Salesforce Makes Another Move

Salesforce Makes Another Move

Summary: Well, I can’t say that I am terribly surprised to see that this company is moving with such quick paces. It is the way the big players in the technology industry have to work.

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Well, I can’t say that I am terribly surprised to see that this company is moving with such quick paces. It is the way the big players in the technology industry have to work. Salesforce is wasting no time. With its new partnership, the company is promising Java developers more accessibility to the tools they need to continue to add to the AppExchange.

VMware joined in the efforts to create this new programming solution. VMware is at the international forefront of cloud infrastructure and prides itself on making the shift to cloud computing a smooth transition for companies big and small. More than one hundred seventy thousand businesses and individuals have turned to this company for their expertise in cloud computing. This is another company worth watching, as the first quarter results from this year showed wonderful growth across the board. Revenues for the first quarter were $634 million, an increase of 35% from the first quarter of 2009. The largest portion of the growth came from abroad, but revenue from within the United States still saw a thirty-percent increase over the first quarter of last year.

With the news of this partnership going public, one might have expected to see some reflection in the stock market. However, both companies are currently seeing losses for the day. VMware (VMW) is done over ninety cents per share and Salesforce is still falling after a not-so-good day yesterday. Currently the share price is under eight-five dollars, yet two days ago it closed at more than eighty-nine dollars per share.

Regardless of what investors think, the fact that Java developers can now efficiently program for the “cloud” will likely result in great improvements to the AppExchange portion of Salesforce. Ultimately, that is what will help move the company forward and give them more power to impress investors later.

Topics: VMware, Banking, Enterprise Software, Hardware, Virtualization

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