Salesforce.com, inc. (NYSE:CRM) is expanding its operations. It is opening an engineering and innovation hub in the Seattle, an area that well known for its cloud computing universe capabilities. The same area hosts big cloud engineering players the likes of Alphabet Inc (NASDAQ:GOOGL) Google and Oracle Corporation (NYSE:ORCL). The company’s move has been occasioned by the lack of engineering talent in the Bay Area according to co-founder Parker Harris. This is obviously making it difficult for the company to deliver on its mandate.
The company currently hosts about 250 employees. However, Harris has confirmed the possible hiring of more engineers and support personnel who will fill up the new office. Nonetheless, the new team, which will be based in Bellevue, will continue keeping contact with the Einstein development teams in San Francisco.
That Location Could Be Seen As Symbolic Of Its Growth
The company is growing rapidly thanks to the increasing demand for superior technology and processes. This makes the location symbolic given that Salesforce will have to face competition from the likes of Microsoft Corporation (NASDAQ:MSFT). Apparently, it is one of the companies in the world that has shown tremendous growth in enterprise software. Part of its growth includes a $400 million deal that will allow it run new applications on Amazon’s data center infrastructure.
Having been co-founded in 1999, it is the pioneer in the Software-as-a-Service sales model, which every company in the industry is now running to embrace.
Collaborations And Future Plans
Salesforce growth is perhaps been as a result of various collaborations whereby it acquired several of them in 2016. MetaMind is one of the many companies that the company bought at a cost of $32.8 million. Following the acquisition, MetaMind CEO Richard Socher was scooped to become Salesforce Chief Scientist.
The company is well in line with its strategies. For example, it will not only offer engineers, an artificial intelligence platform to work with, but it will also lure them to a comfortable workspace with mindfulness areas. This is expected to trigger creativity. The future plans for the company include getting more competitive with to attract employees from the two big Seattle tech behemoths, Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft. Meanwhile, Salesforce stock closed at $75.78 an increase of $0.76 or 1.01%.