Salesforce Agrees to Buy Startup Own for $1.9 Billion (1)

Salesforce Inc. said it was buying data protection and management solutions provider Own for $1.9 billion, the company’s second acquisition this week.

The deal “underscores our commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data,” Steve Fisher, a Salesforce executive focused on data products, said in a statement confirming an earlier report by Bloomberg News.

Own focuses on securing data across software applications. Since incorporating in 2015, it has received funding from Salesforce Ventures, BlackRock Inc. and Tiger Global. It changed its name from OwnBackup last October, according to Own’s website.

The company was valued at ...