Salesforce.com, founded a decade ago, recently celebrated its ten year anniversary. The company currently has more than 1.5 million net paying subscribers at 55,400 companies around the world, thanks to its cloud computing model.

 

Salesforce.com (News - Alert) has based its business model on the cloud computing platform and has tasted success with it. In a cloud computing environment, virtualized resources are provided as a service over the Internet. This reduces lots of overheads for the SMBs and allows them to invest their capital in other necessary functions.

 

Founded in 1999, Salesforce.com focuses on three new revolutionary models: A new technology model which allows customers to access business services via the cloud; a new subscription-based business model where customers pay as they go; and a new 1/1/1 integrated corporate philanthropy model.

 

“I'd like to thank our customers, who have created an unprecedented record of success and inspired our best innovations," said Marc Benioff (News - Alert), chairman and CEO at Salesforce.com. "There's only one way to describe this past decade: The End of Software. As we look forward to the next decade, we see not only applications, but also platforms running in the cloud. The age of enterprise cloud computing is here.”

 

Salesforce.com launched its first CRM solution in the year 2001 and debuted as Sforce, the world's first publicly available enterprise cloud computing API in 2003. The AppExchange was debuted in 2005. The company also founded the Salesforce.com Foundation with a vision for a new type of corporate philanthropy in which all of a company's resources and assets contribute to its communities. The employees of the company have given more 125,000 hours of their time to volunteer in their communities.

 

In February of this year, the company also announced that it achieved fiscal year revenues of approximately $1.077 billion, an increase of 44 percent from the prior year. For the fourth quarter and full fiscal year, the company reported a 35 percent year-over-year increase in revenues for its subscription and support revenues with $266.1 million.