Salesforce acquisition of Evergage
Salesforce Is At It Again
Even without explicitly mentioning it, you could’ve guessed it’s about time. Another day, another acquisition – such is the growth story for big tech in Silicon Valley.
Tech purchases are now as hotly anticipated as developer events by those in the loop.
Anyway, here’s a lowdown on the latest buyout.
Picking Up Evergage
News of the purchase of the omnichannel came from Evergage’s CEO and co-founder Karl Wirth.
As you might’ve already read, an insider told Marketing Tech Publication, Martech that the acquisition had less to do with Evergage’s own CDP. (Salesforce already has “360 Audiences” for continuous customer connect and potential evaluation as part of its ‘360 Truth’ platform, announced in June last year.) It might’ve been entirely possible that Salesforce may have eyed this acquisition for a while now.
Marketing hopped up on Hyper personalization is getting closer
The purchase is a boost to Salesforce’s real-time/hyper-personalization capabilities across channels. Closely tied, predictive models for real-time personalizations could let Salesforce users strategize on more responsive marketing strategies.
Salesforce’s own capacities have so far been wanting in this space compared to could counterparts like Oracle.
What is Hyper-personalization?
Of all the new-fangled buzzwords you could throw at marketing, none may be more important in the coming years for the marketing landscape.
Essentially, it employs artificial intelligence (AI) and real-time data to deliver more relevant content, commodities, and information to each user adaptively.
For early adopters of the technology, the priorities so far have been to keep customers hooked to experiences, understand patrons, and respond in real-time for faster wins and less missed opportunities.
Gartner-Top-Right-Corner’ Material Anyone?
The merits of the acquisition, even without a larger CDP vision, stand on its own. With Evergage, Salesforce bought itself a Gartner quadrant leader, while Evergage can ride on Salesforce’s growth to capture more market.
Guessing At Future Plans
As resources allow for more real-time processing, the Evergage module could be phased out by a more central CRM system.
Even more, customer satisfaction in the digital age hinges increasingly on omnichannel assistance provision. The buyout could also translate into wins into faster consensus on behavioral patterns for both, marketing and sales.
Either this or Salesforce is waiting it out to introduce a fully evolved CDP that builds on all its earlier acquisitions. Besides, it could still make more purchases to round out a bundle that targets a sufficiently wide spectrum of usage.
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