Salesforce.com Earns Spot on S&P 500 Index

By Calvin Azuri

TMCnet Contributing Editor

 

Standard & Poor’s has selected Salesforce.com as the first Software-as-a-Service (SaaS (News - Alert)) company to be placed on its S&P 500 Index. 

Standard & Poor’s provides independent credit ratings, indices, risk evaluation, investment research and data. They supply investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. The S&P 500 index includes 500 leading companies in leading industries of the U.S. economy and is also a core component of the U.S. indices.

 

Salesforce.com’s (News - Alert) portfolio of SaaS applications includes CRM. The SaaS applications of salesforce have helped revolutionize the way customers manage and share business information over the internet. Force.com PaaS from Salesforce.com allows customers, developers and partners to build on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Around 47,700 customers and 1,100,000 subscribers are standardizing on Salesforce CRM and the Force.com PaaS in order to run their businesses. ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint (News - Alert) Nextel and Sun Trust Banks are the major customers of Salesforce.com.

 

According to Marc Benioff, the chairman and chief executive officer at Salesforce.com, “The decision to add salesforce.com to the S&P 500 is a clear sign that cloud computing has arrived. Every day, more than 47,000 customers rely on salesforce.com to help run their businesses. Now that incredible record of success in cloud computing has a new home- the S&P 500.” Headquartered in San Francisco, the company has offices in Europe and Asia.

 

Salesforce.com delivers integrated, completely customizable enterprise applications for companies of all sizes. Its on-demand customer relationship management (CRM) service is easy to learn and use. Because of the power of the on-demand Force.com platform, the CRM can be up and running in weeks. Customers of CRM will be able to see real, tangible, ROI with unprecedented speed. The customers of Salesforce rely on it to manage their sales, marketing, customer service and other critical business functions. The list of global partners who are dedicated to providing complementary products and services to the customers of Salesforce.com include Cisco, Accenture, Deloitte (News - Alert) and many more.