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Anirban Ghoshal
Senior Writer

Salesforce to acquire PoS startup PredictSpring to augment Commerce Cloud

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Aug 2, 20243 mins
CRM SystemsSalesforce.com

The startup is already an existing Salesforce ecosystem partner, integrated with Commerce Cloud and Service Cloud.

Salesforce logo on building
Credit: Tada Images / Shutterstock

Customer relationship management (CRM) software provider Salesforce has signed a definitive agreement to acquire cloud-based point-of-sale (PoS) software vendor PredictSpring to augment its existing Customer 360 capabilities in an attempt to get a stronger hold in the retail industry.

The California-headquartered startup’s PoS systems enable store associates to engage shoppers and complete transactions from anywhere in the store via a mobile device, Salesforce said in a statement.

[ Related: Dreamforce 2024 and Salesforce coverage ]

Additionally, the PoS software comes with features that enable store operations including store fulfillment, keeping profiles of clients, and allowing customers to order items online that may not be available for immediate purchase.

“The combined talent, resources, and innovation of Salesforce and PredictSpring will empower brands and retailers to drive frictionless and personalized engagement across all touchpoints,” Jeff Amann, executive vice president of Salesforce Industries, said in a statement.

The startup is already an existing Salesforce ecosystem partner with several strategic retail customers and is already integrated with Commerce Cloud and Service Cloud, Amann added.

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PredictSpring, founded in 2013 and counts Salesforce Ventures as one of its investors, is led by Nitin Mangtani, the founder of the startup.

Before starting PredictSpring, Mangtani worked as a product manager at Google leading the shopping merchant and search infrastructure team. Mangtani also led the Google Retail Promotions project, which was aimed at optimizing mobile conversions.

PredictSpring also has investments from Felicis Ventures, Novel TMT Ventures, and Beanstalk Ventures. The company raised $16 million in a Series B funding round from its existing investors and before that, it had raised $11.4 million in a Series A financing round led by Felicis Ventures.

While Salesforce didn’t disclose the transaction value of the acquisition, it said that it will hire the entire PredictSpring team, approximately 31 employees.

The acquisition is expected to close in the third quarter of Salesforce’s fiscal year 2025. The company follows February to January as its 12-month fiscal period.

Earlier in the year, Salesforce was reportedly attempting to acquire enterprise data management software provider Informatica. However, the acquisition talks fell through as the two companies, reportedly, couldn’t agree on the terms of the deal. Some other previous notable Salesforce acquisitions include the company taking over firms such as , MuleSoft, and Tableau. The company also .

Anirban Ghoshal
Senior Writer

Anirban is an award-winning journalist with a passion for enterprise software, cloud computing, databases, data analytics, AI infrastructure, and generative AI. He writes for CIO, InfoWorld, Computerworld, and Network World. He won the 2024 Silver Azbee Award for Best News Article in the Technology category. He has a post-graduate diploma in journalism from the Indian Institute of Journalism and New Media.

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