The boards of directors of Salesforce.org and roundCorner unanimously approved the acquisition in December and the deal closed over the weekend.
“Through our technology, industry expertise and employee volunteerism, Salesforce.org is dedicated to empowering the social good sector,” CEO Rob Acker said in a press release announcing the acquisition today. “Together, Salesforce.org and roundCorner will further power our community of customers with solutions to advance their missions,” he said. Financial details were not disclosed.
roundCorner was the first Salesforce.org Platinum App Partner for the nonprofit market in North America. It offers technology solutions for enterprise nonprofits, higher education and foundations, with products including NGO Connect, Advancement Connect and Foundation Connect. Its more than 50 employees will join Salesforce.org.
roundCorner “empowers customers with fundraising and grants management” built on Salesforce. More than 200 nonprofits and foundations use its products, including Girl Scouts, City Year, American Red Cross, Skoll Foundation and ASPCA. Salesforce.org has approximately 40,000 customers. The aim is to make a unified system for connecting fundraising, advancement and engagement systems.
Salesforce.org provides up to 10 free subscriptions of the Salesforce.com application and additional subscriptions at discounting to nonprofits. The organization reported total revenue of $45 million on its tax form for the year ending 2015, the most recent available, with total expenses exceeding $53 million.
In 2016, roundCorner joined Pledge 1%, a corporate philanthropy movement started by Salesforce “dedicated to making the community a key stakeholder in every business.”
roundCorner is headquartered in Villanova, Pa., with offices in New York and Berkeley, Calif. Salesforce.org was started in 1999 as the foundation for Salesforce.com and changed its name in 2015.
Salesforce.com is a cloud-based software company headquartered in San Francisco, Calif. It trades on the New York Stock Exchange (NYSE) under the ticker symbol, CRM, opening this morning at $145.75 per share.