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Fly News Breaks for December 28, 2015
CRM
Dec 28, 2015 | 07:14 EDT
After Salesforce agreed to buy SteelBrick for $300M net of cash acquired, JMP Securities says that it likes the deal because it thinks that SteelBrick's Configure, Price, Quote space is a large horizontal market that dovetails well with Salesforce's Sales Cloud. JMP keeps a $90 price target and Outperform rating on Salesforce.