Salesforce plans to complement its existing offerings — including Salesforce Backup, Shield, and Data Mask — with Own’s capabilities. The company said Own’s offerings will enable it to offer a more comprehensive set of data protection and loss prevention products.
Own has been a Salesforce Ventures portfolio company and Salesforce AppExchange partner since 2012. It has nearly 7,000 customers of the Own Data Platform, which provides data archiving, seeding, security, and analytics capabilities for SaaS data.
Salesforce expects the transaction to close in the fourth quarter of its fiscal year 2025, subject to regulatory approvals. The company does not anticipate changes to its existing fiscal year 2025 guidance and says the acquisition will not affect its capital return program.
