Legendary investment banking and technology funding veteran to serve on Audit, Governance committees
SAN FRANCISCO, Calif. - November 3, 2003 - Salesforce.com®, the world leader in software-as-service, today announced that Sanford "Sandy" Robertson, a partner with Francisco Partners, has been elected to the salesforce.com board of directors. Robertson joins the current board of directors including Marc Benioff, salesforce.com chairman and CEO; Halsey Minor, founder of CNET (NASDAQ: CNET); Craig Ramsey, former vice president of worldwide sales for Siebel Systems (NASDAQ: SEBL); Stratton Sclavos, president and CEO of VeriSign (NASDAQ: VRSN); Lawrence Tomlinson, senior vice president and treasurer for Hewlett Packard Company (NYSE: HPQ); and Magdalena Yesil of U.S. Venture Partners. Robertson will sit on both the Audit committee and the Governance committee, with responsibility to monitor financial compliance and regulatory controls.
"I am excited to join salesforce.com at a time when it is broadening its offerings and expanding its market reach globally," said Robertson. "As the global leader in utility computing, salesforce.com is proving both the technology and business models for the next generation of software services. A fundamental shift is occurring, caused by disruptive companies such as salesforce.com, away from the traditional models to a new set of systems powered by the Internet. I am thrilled to become part of the salesforce.com team."
Robertson pioneered the creation of West Coast technology banking as an industry in the late 1960s, and has remained one of the industry's most renowned participants. He served as vice president and director at Smith Barney before founding a firm that later became Montgomery Securities. In 1978, he founded Robertson, Stephens & Co, one of the most significant underwriters of IPOs, mergers, and acquisitions. After selling the company in 1998, he founded Francisco Partners, the world's largest technology-focused private equity fund. Robertson has had significant financing involvement in over 500 growth technology companies, including 3Com (NASDAQ: COMS), America Online (NYSE: AOL), Applied Materials (NASDAQ: AMAT), Ascend, Dell Computer (NASDAQ: DELL), E*Trade (NYSE: ET), Siebel, and Sun (NASDAQ: SUNW). He serves on the boards of Dolby Laboratories, Pain Therapeutics (NASDAQ: PTIE) and the Schwab Fund for Charitable Giving, as well as on the President's Board at the University of Michigan.
"Sandy Robertson is one of the true heroic leaders of our industry," said Marc Benioff, chairman and CEO, salesforce.com. "Sandy's commitment to corporate excellence and philanthropic pursuits is a perfect fit for the integrated global leadership culture at salesforce.com. It is an honor to have him join our board of directors, and we value his participation at all levels of our company."
With more than 8,000 customers and 110,000 subscribers worldwide, salesforce.com is the world's most successful application utility and the first profitable software-as-service provider. Salesforce.com allows the scalable, secure management of sales force automation, campaign management, customer service and support, as well as documents and files. Salesforce.com is built on sforce, the salesforce.com client/service application system, allowing it to be easily customized by tools from BEA (NASDAQ: BEAS), Borland (NASDAQ: BORL) and Microsoft (NASDAQ: MSFT). The new salesforce.com Integration Server powered by TIBCO (NASDAQ: TIBX), available to salesforce.com customers, offers integration with almost every corporate system including SAP (NYSE: SAP), Oracle (NASDAQ: ORCL) and PeopleSoft (NASDAQ: PSFT) applications.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit http://salesforce.com, or call 1-800-NO-SOFTWARE.