Salesforce buys Own Company for $1.9 billion. With this acquisition, the company wants to strengthen its platform in the areas of data security, data protection and compliance.

Salesforce has signed a definitive agreement to acquire Own Company for $1.9 billion. With the acquisition, Salesforce expands its portfolio with a provider of data security and data management services.

Data security

Own Company provides solutions that ensure the availability, security and compliance of critical data. Nearly 7,000 customers rely on Own Company’s services to protect and gain more insights from their business-critical data. Salesforce already owns 10 percent of Own Company and will acquire the remaining shares in cash.

According to Steve Fisher, President of the Einstein 1 Platform at Salesforce, Own Company’s expertise will contribute to the robustness of Salesforce’s data management solutions. Fisher stressed that he believes the increasing threat to data security makes this move necessary. Sam Gutmann, CEO of Own Company, believes the acquisition will further increase value for customers, especially in the areas of data analytics and AI-driven innovation.

Integration into the Salesforce platform

Own Company has been a Salesforce partner since 2012 through the AppExchange platform and is part of the Salesforce Ventures investment portfolio. In addition to the initial backup and recovery offering, Own Company now offers solutions for data archiving, security and analytics. These solutions help customers use historical data for better decision making.

The acquisition comes at a time when companies are increasingly paying attention to preventing data loss due to system errors, human error or cyber attacks. By integrating Own Company technologies, Salesforce aims to expand its data security and compliance solutions such as Salesforce Backup, Shield and Data Mask.

If all goes well, the transaction will close in the fourth quarter of fiscal 2025.