It seems that every news is good news as for as Salesforce.com is concern. Salesforce.com, the enterprise cloud computing company has given equity awards under its 2006 Inducement Equity Incentive Plan to all new employees who joined Salesforce.com (News - Alert), in connection with its previously announced acquisitions of Heroku and Dimdim.
According to a press release, the plan was originally adopted by the Board of Directors in May 2006 in accordance with New York Stock Exchange Rule 303A.08.
Heroku is the leading Ruby platform-as-a-service, built from the ground up to work in an open environment and take advantage of the Ruby language. Ruby has become the leading development language used to write Cloud 2 apps that are social, collaborative and deliver real-time access to information across mobile devices.
Under the plan, on Jan. 25, 2011 Salesforce.com granted restricted stock awards ("RSAs") and restricted stock units ("RSUs") to non-executive employees who were previously Heroku employees and joined Salesforce.com as a result of the acquisition. RSAs have been granted to 26 employees and cover a total of 200,391 shares of Salesforce.com common stock. These RSAs generally vest in equal quarterly installments, and will be fully vested on the fourth anniversary of their applicable vesting commencement date, subject to continued service through each applicable vesting date.
Dimdim was founded in 2007, with a focus on developing enterprise applications on a cloud-based communication platform. Salesforce.com will use the acquisition to bring new real-time communication capabilities, such as presence and messaging, to the Chatter collaboration platform. Salesforce.com announced that it completed the Heroku acquisition on Jan. 3, 2011, and announced the completion of the Dimdim acquisition on Jan. 6, 2011.
Under the plan, Salesforce.com granted non-qualified options to two non-executive employees to purchase a total of 39,000 shares of its common stock. Each of the new employees were previously a Dimdim employee who joined Salesforce.com as a result of the acquisition. The grants were made as of Jan. 25, 2011, at an exercise price of $123.97 per share.
Want to learn more about cloud communications? Then be sure to attend the Cloud Communications Summit, collocated with TMC’s (News - Alert) ITEXPO East, taking place Feb 2-4, 2011, in Miami. The Cloud Communications Summit will address a growing need of businesses to integrate and leverage cloud based communications applications, process enhancement techniques, and network based communications interfaces and architectures. To register, click here.
Mandira Srivastava is a TMCnet contributor. She works as a full-time writer, ghostwriter and blogger, and has more than two years of experience in print and Web media. She has also worked on company brochures, website content and product descriptions, as well as proofreading and editing content. To read more of her articles, please visit her columnist page.
Edited by Jamie Epstein