(Reuters) -Salesforce said on Thursday it would buy Own Company, a provider of data protection and data management solutions, for $1.9 billion in cash.
The acquisition comes at a time when customers are increasingly focused on mitigating data loss due to system failures, human error, and cyberattacks.
Salesforce said it expects to achieve accretion on a free cash flow basis starting in the second year following the closing of the deal, which it anticipates to be in the fourth quarter of fiscal 2025.
(Reporting by Juby Babu in Mexico City; Editing by Maju Samuel)
