Salesforce has acquired Clipboard, a social bookmarking service that helps save rich Web content across devices, for a deal that is valued at over $10 million.
According to a report by All Things D, the deal is valued between $10 million to $20 million, although the actual price is still unknown.
Clipboard had raised about $2.5 million in seed funding from investors including Andreessen Horowitz, Index Ventures, CrunchFund, SV Angel and Betaworks. Sources say, while the deal was a successful outcome, it could also be attributed to today’s “Series A Crunch,” where raising additional money is a challenge.
Clipboard announced to its 140,000 users that the service would end on June 30 but users could download their data. Clipboard will shut down its tools and work towards adding similar functionality to Salesforce.
India has crossed a historic threshold. More than one billion digital transactions now move through…
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
The Tech Panda takes a look at the efforts at skilling, upskilling, and reskilling in…
The Tech Panda examines the forces shaping ecosystem behaviour and investment sentiment in India. INR15…
Googly, an Indian multi-gaming platform tied up with Glitchpop 2.0 at IIT Indore on March…
Leads Connect Services, the agritech data, risk management, and financial services company, in collaboration with…
