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-Salesforce buys Dimdim to enhance Chatter.

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

7 January 2011 - US software provider Salesforce.com Inc (NYSE:CRM) said yesterday it had paid USD31m (EUR23.9m) in cash to acquire messaging and screen sharing company Dimdim in a drive to enhance the operation of its new collaboration platform Chatter.

The acquisition will enable Salesforce's Chatter to follow the integration collaboration and communication model of Facebook by adding critical real-time communication technologies to its product. Thus, it will boost the number of Chatter customers and improve loyalty, the software firm said.

Chatter was launched in June, offering features similar to social networks Facebook and Twitter. Since its introduction, Chatter has attracted over 60,000 customers, Salesforce said.

The transaction is seen to cut Salesforce's adjusted earnings per share (EPS) for the fourth quarter of the fiscal 2010/11 ending January by USD0.01 and EPS for the following business year by between USD0.04 and USD0.05. Revenue in the two periods is not forecast to be affected by the deal.

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Publication:Internet Business News
Date:Jan 7, 2011
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