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Eden Ventures and Salesforce.com Announce the 1 Million Pounds Sterling Force.com Investment Challenge
The 1 Million pounds Force.com Investment Challenge, the first of its kind in the UK, is designed to inspire a new generation of independent software vendors (ISVs) to develop and deliver SaaS applications on the Force.com Platform. The winner will have the opportunity to negotiate with Eden Ventures for a potential investment of up to 1 million pounds. Eden Ventures will announce the winner in November at Dreamforce 2008, salesforce.com's user and developer conference.
"New investment models are required to match the new technology and business models made possible with Platform-as-a-Service and Software-as-a-Service," said
"SaaS and PaaS have transformed how entrepreneurs and established companies build, deliver and deploy business applications," said
The 1 Million pounds Force.com Investment Challenge
For the 1 Million pounds Force.com Investment Challenge, salesforce.com will work closely with Eden Ventures in an advisory capacity. As Eden reviews promising entrepreneurs and early stage companies building on the Force.com platform, salesforce.com will assist in due diligence, provide design review, packaging and distribution best practices, and go-to market programs for companies building applications on the Force.com platform. Eden Ventures and salesforce.com will meet regularly to review Force.com applications and companies that meet the criteria for the 1 Million pounds Force.com Investment Challenge.
Eden Ventures will participate in a panel of judges evaluating the entries and selecting the winning entrepreneur or startup. In addition to providing a financial investment, the selected business will receive ongoing support from Eden's team to grow their business. With Eden's strong seed and Series A investment track record, they have particular skill in identifying entrepreneurs with the right balance of vision and leadership who can develop companies of lasting value. Entrants in the 1 Million pounds Force.com Investment Challenge will be judged along eight main criteria:
— A strong team with deep domain knowledge — International vision and ambition — Customer success and user adoption — A significant market opportunity and likelihood of becoming market leader — Adoption and innovative use of the Force.com Platform — Financial plan — Competitive differentiation — Likelihood of long-term company success
For more information, contest rules, and to enter, please visit http://www.edenventures.co.uk/ or http://www.salesforce.com/eu/eden/.
Force.com Platform and the AppExchange
Force.com (http://www.force.com/) reinvents the traditional development, deployment and distribution of any business application with platform-as-a-service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.
The AppExchange economy continues to expand, with thousands of customers installing applications via the AppExchange. Customers of all sizes can quickly and easily extend Salesforce with additional on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange/.
About Eden Ventures
Eden Ventures invests in technology companies in the telecommunications software, enterprise software, digital media, e-commerce, internet and mobile sectors in the UK and
Eden's existing portfolio includes Huddle, Reevoo and Truphone, and recently completed exits include the sale of Apertio to Nokia. In 2007 Eden Ventures was awarded Winner, Exit of the Year, 2007 for the sale of Cramer Systems to Amdocs by Investor AllStars. Eden Ventures (UK) Ltd. is regulated by FSA. http://www.edenventures.co.uk
About salesforce.com
Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of
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