Salesforce to Invest $2 Billion in its Canadian Business Over Five Years
Feb 08, 2018, 09:56 ET
Salesforce commits to fueling company's growth and innovation in Canada in advance of a meeting with The Right Honourable Justin Trudeau, Prime Minister of Canada, at the company's headquarters in San Francisco
Announcement follows Salesforce being named the #1 CRM provider in Canada by Gartner
Canadian companies, including Air Canada, Husky Energy, Loblaws, Manulife, Roots, TD Bank and TELUS, are using Salesforce to connect with their customers in new ways
Salesforce employees in Canada also commit to 45,000 volunteer hours in 2018
SAN FRANCISCO, Feb. 8, 2018 /CNW/ -- Salesforce (NYSE: CRM), the global leader in CRM, plans to invest $2 billion over the next five years to fuel the growth of its Canadian business, the company announced ahead of a meeting with Prime Minister Trudeau today.
Prime Minister Trudeau will visit Salesforce for a roundtable with Salesforce Chairman and CEO Marc Benioff and other business leaders on the importance of diversity and equality, following conversations at the World Economic Forum in Davos, Switzerland last month.
As part of this investment, Salesforce plans to increase its headcount, real estate footprint and data center capacity to support its rapidly-growing customer base in the country.
"Canada is one of the most exciting investment opportunities for Salesforce and we are thrilled to commit $2B over the next five years to fuel future growth," said Marc Benioff, Chairman and CEO, Salesforce. "As the world's fastest growing top 5 software company, we look forward to a great partnership and to expanding our employees, customers and innovation in Canada."
Salesforce is the #1 CRM provider in Canada, with more than 1,300 local employees. The company is also the fastest growing among the three largest enterprise software vendors in the region according to Gartner Inc.'s latest worldwide All Software Markets market share report, based on 2016 total software revenue.1
More than 6,000 Canadian companies—including Air Canada, Husky Energy, Loblaws, Manulife, Roots, TD Bank and TELUS—are using Salesforce to connect with their customers in new ways across sales, service, marketing, commerce and more.
Salesforce Ecosystem Fueling Canadian Economic Growth
Salesforce and its ecosystem of customers and partners in Canada will create more than 28,000 new direct jobs and $17 billion USD in new business revenue in Canada by 2022, according to research by IDC.2 Additionally, Canadians have earned more than 87,000 badges on Trailhead—Salesforce's free, gamified online learning platform—acquiring the skills needed to succeed in today's technology-driven economy and be a part of Salesforce's flourishing ecosystem.
Salesforce's Commitment to Giving Back in Canada
Salesforce employees in Canada are also committing to volunteer 45,000 hours in their local communities in 2018. Employees volunteered more than 34,000 hours in 2017 with local nonprofits. Salesforce.org has donated more than $1 million to local communities, and more than 800 Canadian nonprofits—including Canadian National Institute for the Blind, Heart and Stroke Foundation of Ontario, MS Society of Canada, Furniture Bank and Npower Canada—use Salesforce for free or at a discount.
Additional Information
- Join Salesforce, alongside thousands of customer Trailblazers, at World Tour Toronto on May 3: https://www.salesforce.com/events/
- Like Salesforce on Facebook: http://facebook.com/salesforce
- Follow @salesforce on Twitter: http://twitter.com/salesforce
- Read the Salesforce blog: http://blogs.salesforce.com/
About Salesforce
Salesforce, the global CRM leader, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: http://www.salesforce.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.
1Gartner, Market Share: All Software Markets, Worldwide, 2016, Mathew Cheung, et al, May 2017
2Source: IDC White Paper sponsored by Salesforce, "The Salesforce Economy Forecast: 3.3 Million New Jobs and $859 Billion New Business Revenues to Be Created from 2016 to 2022," IDC #US43158917, October 2017.
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SOURCE Salesforce
