Salesforce To Acquire RPA Provider Servicetrace For Undisclosed Terms

Salesforce.com Inc CRM has agreed to acquire robotic process automation (RPA) provider Servicetrace.
The financial terms of the transaction remain undisclosed.
The acquisition will become a part of MuleSoft, a Salesforce company. It is likely to close in Q3 of Salesforce’s FY22.
Recently, RPA has grown to the forefront as a top software technology trend, combining robotics and automation to perform repetitive tasks.
Salesforce.com held $15 billion in cash and equivalents as of Apr. 30.
Price action: CRM shares traded lower by 0.24% at $241.36 on the last check Monday.

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