Loading

wait a moment

Salesforce to put $2.5 billion into building up its British business

Salesforce is opening up its checkbook, this time to the amount of $2.5 billion.

siliconbeat logo tech news blogAnd those dollars will soon come emblazoned with the face of Queen Elizabeth II, as that $2.5 billion (or, about 1.87 billion in British pounds) will be put into Salesforce’s United Kingdom-based operations over the next five years.

The investment announcement was made ahead of a tech investment roundtable meeting that British Prime Minister Theresa May was holding at 10 Downing St., in London, on Wednesday. Salesforce even got May to give it some props for its financial plans.

“Salesforce offers a wonderful example of the benefits a successful technology company can bring to the U.K. economy, and I welcome their continued investment which will create interesting and high-skilled jobs for our workforce,” May said, in a statement announcing the $2.5 billion investment.

Even with the uncertainties of the U.K. leaving the European Union, Salesforce’s investment is a signal that the cloud-based computing giant believes investing in Great Britain is a smart move, and will improve its business operations in Europe. The investment, which was announced late Tuesday, comes on the heels of Salesforce opening its first European innovation center in the Salesforce Tower London last month. That facility will be used to build up Salesforce’s cloud, social, mobile, artificial intelligence and internet of things technologies as part of the company’s push into more more software services offerings.

Salesforce also has plans to open a second data center in the U.K. next year.


Source: East Bay Salesforce to put .5 billion into building up its British business

Leave a Reply

Your email address will not be published. Required fields are marked *