Former Oracle (ORCL, Financial) executive Marc Benioff, who co-founded Salesforce.com (CRM, Financial), a software industry leader, 15 years ago, sold 40,000 shares in the company for more than $2.3 million on September 16.
Shares in the company were selling for $57.60; Benioff received $2,304,000 for his shares. At the close of trading on Friday, Salesforce.com’s shares were selling for $58.19.
Salesforce.com went public in June 2004. Between 2006 and June of this year, Salesforce.com acquired more than 30 businesses.
Salesforce.com has been proactively maintaining its growth trajectory. Last week, GuruFocus reported that Salesforce was creating a venture capital fund. Two weeks earlier, GuruFocus reported that Salesforce was adding muscle to portfolioson the strength of acquisitions that enhance the company’s reputation.
Because of its efforts to expand its business, Salesforce.com was named the most innovative company in America by Forbes magazine in March 2013. Earlier this year, Fortune magazine rated Salesforce.com the seventh-best company to work for.
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Salesforce.com, which began as a company focusing on software as a service (SaaS), particularly in customer relationship management, was incorporated in Delaware in February 1999 and has grown into a corporate software bastion. Its headquarters is in San Francisco.
