World's leading customer relationship management (CRM) software maker Salesforce.com has acquired Dimdim, Inc, a US and India based web conferencing company. The acquisition of Dimdim is for approximately USD 31 mn in cash, net of cash acquired.
VCCircle was the first to report in November that Salesforce.com is close to acquiring Dimdim. Dimdim, founded in 2007, had raised a total of USD 8.4 mn in two rounds of venture funding from the same set of investors which included Mumbai-based Nexus Venture Partners, Index Ventures and Draper Richards - some of whom have backed companies like Skype, Hotmail, and MySQL. DimdimDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
