25 Aug

Why Did Salesforce Acquire BeyondCore?

WRITTEN BY Anne Shields

BeyondCore acquisition to boost analytic cloud capabilities

Earlier in this series, we discussed the expectations from Salesforce’s (CRM) soon-to-be-announced fiscal 2Q17 results. In the middle of this month, Salesforce announced the acquisition of BeyondCore. Prior to that, Salesforce announced the acquisition of Quip, which is expected to boost the company’s position in the rapidly growing productivity and collaboration space. BeyondCore is Salesforce’s seventh acquisition in 2016. Financial details of the acquisition were not disclosed.

BeyondCore is a business intelligence data company with expertise in the AI (artificial intelligence), deep learning, and business analytics area. Its analytics capabilities range from descriptive to predictive. BeyondCore employs smart pattern discovery technology that enables it to analyze data from databases and the Apache Hadoop file system. Hadoop is a high-speed open source with a high degree of fault tolerance. It is cost-efficient because it stores data in small chunks across several servers and can process queries rapidly by sending several to multiple machines at the same time. In July 2016, Teradata (TDC) announced the acquisition of Big Data Partnership, to get access to its expertise in disruptive technologies such as Apache Hadoop.
Why Did Salesforce Acquire BeyondCore?

BeyondCore will be a part of Salesforce’s analytics cloud

BeyondCore’s products are already integrated into Salesforce offerings, as shown at the Gartner Business Intelligence & Analytics Summit in early 2016. Salesforce CEO Marc Benioff shared that BeyondCare’s expertise in AI would be put to use by integrating it into Salesforce’s Analytics Cloud. Analytics Cloud, launched by Salesforce in 2014, provides tools to help businesses analyze data from their interactions with clients.

As the above presentation shows, BeyondCore, along with IBM (IBM) and SAP (SAP), was recognized as a visionary in Gartner’s Magic Quadrant for Business Intelligence and Analytics. IBM has not only poured ~$4 billion into establishing its Watson artificial intelligence system, but has also entered into partnerships with Apple (AAPL), Johnson & Johnson (JNJ), and Medtronic (MDT).

Latest articles

This year, Pfizer (PFE) stock has fallen 0.34% and Bristol-Myers Squibb (BMY) stock has fallen 6.48%. Both companies are focused on strengthening their position in the high-growth oncology and immunology markets. Let's take a closer look at each.

Walt Disney’s (DIS) latest movie, Toy Story 4, has reportedly broken records in the opening weekend with $118 million in sales. However, the opening weekend collection was behind analysts’ expectations of at least $150 million in the first weekend.

24 Jun

Will Home Depot’s Upward Momentum to Continue?

WRITTEN BY Rajiv Nanjapla

As of June 21, Home Depot (HD) was trading at $209.39, which implies a rise of 9.7% since the announcement of its first-quarter earnings on May 21. Also, the company was trading at a premium of 32.4% from its 52-week low of $158.09 and a discount of 2.8% from its 52-week high of $215.43.

On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.

Shares of Mondelēz International (MDLZ) are scaling new heights thanks to its stellar gains so far this year. Mondelēz stock is up 38.0% on a YTD (year-to-date) basis, and it closed at $55.25—just a shade lower than its 52-week high of $55.71—on June 21.

24 Jun

How Long Will Facebook's Libra Fuel Bitcoin Rally?

WRITTEN BY Mayur Sontakke, CFA, FRM

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.