Loading ...Today salesforce.com publicly announced the acquisition of Koral which is a Content Collaboration system company. You would think this news would fare well with the market but a Cowen analyst decided to rain on their parade and issue a downgrade. The negative news drove the stock price down 4%. Koral CEO Mark Suster posted the news on his company’s blog answering to why he’s been so quiet in the recent weeks.
The acquisition shows salesforce.com’s continued commitment to the web 2.0 community approach which is a good sign. I’m not sure why Peter Goldmacher from Cowen has such a negative view on the company. He does note that continued competition from big players like Microsoft and Oracle does play into his decision on the downgrade.
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Why the title Salesforce gone? Scared me a little….
I did appreciate you pointing out the blog of the salesforce director that left.
Would love to see your take on Five9 and other hosted (more telephony driven) application options.