Announces 2.0 Strategy, Wealth Management Edition

Some startling numbers emerged from’s fourth-quarter earnings announcement on Feb. 21, including a 58 percent increase in sales—the company added an impressive 90,000 net new subscribers for the quarter—tempered by a 91 percent drop in quarterly profits, mainly as a result of spending on the business. Now the company has outlined its strategy for adding to its bottom line.

During a luncheon in New York on Feb. 27, CEO Marc Benioff outlined the company’s formally named 2.0 Strategy, which is designed to take the company into the next decade ( will have its 10-year anniversary in about two years). The strategy has two basic prongs: vertical applications that build on’s CRM (customer relationship management) core, with a focus on financial services; and the platform, which includes the “Circle of Success.”

The idea behind the Circle of Success starts with applications—Salesforce selling them and developers building them using Apex, the company’s new development language and platform. The rest of the circle includes using ideas generated by customers and developers building applications on Apex, advertising them on AppExchange, and using AppStore to both market and sell the applications.

What do potential Apex developers want from Click here to read more.

The concept is that all the capabilities will intersect to form a continuous cycle of idea generation, application development and sales, but in a democratized fashion, since said it wants to be open, in order to foment the next

“When we first started we had to do a lot of heavy lifting—basically, complex software programming work and hardware engineering … and much of it had to be done before we could build the core CRM application that inspired us in the first place,” Benioff said during the Feb. 22 earnings call. “No developer has to do that again. … When people ask me what is next for, I say try another question: Who is the next Because it is that next-generation, on-demand developer and ISV who is developing, marketing and deploying on our platform, and that is what is next for”

Read the full story on eWeek: Announces 2.0 Strategy, Wealth Management Edition

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