NEW YORK (Standard&Poor's) June 5, 2013--Standard&Poor's Ratings Services said today that its unsolicited 'BB' corporate credit and senior unsecured debt ratings and stable outlook on San Francisco-based Salesforce.com Inc. remain unchanged following the company's announcement that it has entered into a definitive agreement to acquire unrated Indianapolis-based ExactTarget Inc. in a transaction valued at approximately $2.5 billion. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close by July 31, 2013. With pro forma annual revenues of about $4 billion, Salesforce is a leading provider of on-demand customer relationship management (CRM) solutions and ExactTarget provides integrated applications to plan, automate, deliver and optimize data-driven digital marketing campaigns.
