Salesforce.com Inc. is buying the marketing company Buddy Media for $689 million in a deal that underscores the growth in both social media and the delivery of software over the Internet.
The grant, given to the city by Marc and Lynne Benioff of salesforce.com, is targeting dozens of families who have children in public schools and who the city hopes to provide housing for before the holidays.
Construction was slated to begin Monday on the new UCSF Women’s Children’s and Cancer Hospital at Mission Bay. However, the university still had the daunting task of raising hundreds of millions of dollars to build the new complex.
Shares of Salesforce.com Inc. soared to a record high on Friday after the business software company reported stronger-than-expected results for the latest quarter and said it expects to reap $2 billion in revenue in fiscal 2012.