Who owns Salesforce?

Salesforce is an American cloud-based software company that provides customer relationship management software and applications focused on sales, customer service, and marketing automation. They also provide analytics and application development. Other products enable customers to:

• Create apps

• Integrate data from other systems

• Visualize data

• Offer training courses

Salesforce was founded in 1999 by Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez. Initial funding from the company came from Larry Ellison and Halsey Minor. The founders developed their prototype as well as a distinctive startup culture. They only worked on what they believed was important and necessary, "no fluff".

By the end of its first year, the company had expanded to 40 employees. In February 2000, Salesforce officially launched at an event themed "The End of Software". In March 2000, the company got a boost from its first piece of major press coverage in The Wall Street Journal, and revenue hit $5.4 million in the fiscal year ending January 2001.

In 2003, Salesforce held its first annual Dreamforce conference in San Francisco. In June 2004, the company had its first initial public offering on the New York Stock Exchange and raised $110 million.

Salesforce is headquartered in San Francisco, California. For the fiscal year 2019, Salesforce reported revenue of $13.28 billion, an increase of 26% in constant currency. Salesforce also reported subscription and support revenues of $12.41 billion, an increase of 27% year-over-year.

Salesforce ranked 240 on the 2019 Fortune 500 list of the largest United States companies by revenue.