Last week, the leading on-demand customer relationship management (CRM) and cloud computing company Salesforce.com Inc. (CRM: 142.64 +0.42 +0.30%) completed the acquisition of web-based video conferencing firm, Dimdim. The acquisition will cost Salesforce $31.0 million in cash.
The Dimdim acquisition will expand the customer base, geographical exposure and market share of Salesforce. However, Salesforce will witness a dilution of approximately 1 cent in its 4Q11 GAAP earnings and roughly 4–5 cents in its FY12 earnings.
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