Salesforce, which recently announced plans to buy Quip, a provider of a business productivity software suite for web and mobile that enables collaborative creation and editing of documents and spreadsheets, is also buying BeyondCore, provider of an enterprise analytics tool.
The BeyondCore acquisition was announced in a blog post by Arijit Sengupta, CEO of BeyondCore. BeyondCore provides automated business analysis as part of its mission to “empower every business user with the power of analytics."
BeyondCore says its technology can automatically explore millions of variable combinations and immediately present the most important insights without human bias or error, has more than 20 issued and pending patents, and has been used by 23 of the Fortune 500 companies.
The software offers suggestive BI capabilities, with the ability to automatically suggest the most relevant and important content, dashboards, metrics, as well as next steps based on machine learning. It also provides natural language expression of data insights and analytical interpretation that makes it easier for business users to understand the results, and features machine learning technology supporting continuous improvement of BI outcomes, with real-time predictive optimization capability and cognitive computing. The software can analyze data from databases, Hadoop or CSVs, and export and share customizable reports in Word, PowerPoint and HTML.
“At Salesforce, BeyondCore will be uniquely positioned to further magnify our impact on the world of analytics as part of the Analytics Cloud, extending smart data discovery and advanced analytics capabilities across the entire Salesforce Customer Success Platform. Of course, we’ll continue to deliver our innovative technology to customers as part of Salesforce and deliver the same great service you’ve come to expect from us,” said Sengupta in his post.
Terms of the BeyondCore acquisition were not announced.
The Salesforce acquisition of Quip was announced earlier this month in a Quip blog attributed to the company’s founders Bret Taylor and Kevin Gibbs. Before founding Quip, Taylor was co-creator of Google Maps and CTO of Facebook, and Gibbs led engineering and product at Google.
Under the terms of that merger agreement, upon closing of the acquisition, Salesforce expects to purchase Quip, whose software competes with Microsoft Word and Google Docs, for about $582 million in stock. This does not include a previous investment by Salesforce Ventures in Quip, according to Salesforce's SEC filing.