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February 19, 2009

Steve Cakebread Resigns from Salesforce.com



Salesforce.com (News - Alert), an enterprise cloud computing company, announced that its president and chief strategy officer Steve Cakebread resigned from the company effective February 1, 2009, to pursue other professional opportunities.

 
Cakebread had joined the company in May 2002 and served as CFO for six years. He then moved to the role of president and chief strategy officer in 2008.
 
Salesforce.com is a well known provider of on-demand customer relationship management (CRM). Through its award-winning salesforce.com family of products including Salesforce.com and Supportforce.com, the company provides a comprehensive suite of CRM applications to help enterprises of all sizes, industries and geographies meet the complex challenge of sharing and managing information on-demand.
 
Salesforce.com and Supportforce.com are built on the Sforce.com client/service integration platform and include the Customforce.com tool for complete on-demand customization. Sforce.com and Customforce.com allow customers and independent software vendors to customize and integrate Salesforce.com’s products, as well as build their own on-demand enterprise applications.
 
Salesforce.com manages customer information for approximately 13,300 customers and approximately 214,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL (News - Alert)), Automatic Data Processing (ADP), Avis/Budget Rent A Car (Cendant Rental Car Group), Dow Jones Newswires, Nokia, Polycom and SunTrust Banks.
 
The company also recently announced Salesforce CRM Spring '09, the cloud computing solution for customer service and sales for its more than 51,800 customers. Built on the Force.com platform, Salesforce CRM is the fastest, most flexible CRM service on the market, helping companies better serve their customers without the cost, risk and complexity of traditional on-premise software.
 
Salesforce CRM Spring '09, salesforce.com's 28th generation release, transforms CRM into an intelligent tool that helps companies leverage valuable data across customer service and sales to grow their business. With more than 50 new features, Salesforce CRM Spring '09 enables companies to service customers more effectively and close more business.
 
Last November, the company reported a 55 percent increase in net profit to $10.12m for the third quarter 2009, compared to $6.5m in the previous year's quarter. Revenue was also up 43 percent at $276.48m and operating income was $16.13m compared to $6.11m in the same period the previous year.

Barkha Bathwal is a contributing editor for TMCnet. To read more of Barkha's articles, please visit her columnist page.

Edited by Stefania Viscusi


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