Salesforce to Acquire Own Company for $1.9 Billion

September 5, 2024

Salesforce has signed a definitive agreement to acquire Own Company, a provider of data protection and data management solutions. The deal is valued at approximately $1.9 billion in cash (net of Salesforce’s roughly 10% stake), and is expected to close in the fourth quarter of Salesforce’s fiscal year 2025, subject to regulatory approvals.

Buyers
Salesforce
Targets
Own Company
Sellers
Salesforce (retains ~10% of outstanding shares; deal priced net of this stake)
Industry
Cybersecurity
Transaction Type
Buyout

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