Technology Stocks

Simplus Acquires Salesforce.Com, Inc.’s (NYSE:CRM) Partner Sqware Peg, Inc.’s (NYSE:CRM) stock slowed its gain by a margin of 0.81% in the previous trading session to close the day at $158.99.

The reason behind the upward movement of the stock is the recent acquisition of their Australia based partner Sqware Peg by Simplus. The acquisition furthers Simplus’s expansion across the globe into the Asia Pacific area. The investment is the first international acquisition by Simplus and Salesforce’s sixth partner to be acquired since 2016.

Salesforce technology transforming business

Since 2004, Sqware Peg has been revolutionizing business through the Salesforce technology by exclusively focusing on the platform to deliver services across an entire suite of offerings in Melbourne and Sydney offices.

Simplus CEO, Ryan Westwood, indicated that Sqware Peg is a pioneer as well as a trailblazer in the Asia Pacific region and the company was delighted to collaborate with their talented leadership as well as combine efforts to enhance their presence in the area and continue impacting the Salesforce’s Global market. The CEO indicated that they appreciated the support they have been receiving from Salesforce ventures who have exclusively been partnering with Simplus and Sqware Peg.

Simplus fastest growing company

Sqware Peg’s Managing Director, Reid Meldrum, will be joining the Simplus team as part of the terms of the acquisition. He has been at Sqware Peg in the last four year and has been vital in growing of the comoany.

Simplus is a rapidly growing franchise, and this is the main reason that prompted the acquisition. The company was named recently as the fastest growing consultancy company. Their position got enhanced further by the production of the First CPQ-focused Salesfoce Manufacturing Bolt as well as the establishment of new headquarter in Salt Lake City.

The company has been continuously pricing superior services which are evident from their listing among the “10 most trusted consultancies” by Insights Success and being the only leader among the Salesforce consultancy partner by G2.

Meldrum stated that for the company to continue growing in the Australian Salesforce ecosystem, then Sqware Peg requires injection of more resources an impetus that Simplus bring on board.

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