Salesforce.com Buys Heroku For $212 Million In CashPosted by admin on December 08, 2010
10/8/2010 – Salesforce.com has just announced that it is acquiring Heroku, which provides a Ruby application platform-as-a-service, for approximately $212 million in cash. That’s one hell of an exit for the startup, which was founded in 2007 and has raised only $13 million in funding. Heroku was initially provided with seed funding through Y Combinator back in 2008. The startup says it currently powers over 105,000 social and mobile cloud applications.
According to the company, the Ruby development community is over 1 million members strong and growing fast, with Internet companies as big as Twitter, Groupon and Hulu using the development language to power its applications.