Benzinga | Aug 2, 2021 02:32PM EDT

Salesforce To Acquire RPA Provider Servicetrace For Undisclosed Terms

* Salesforce.com Inc (NYSE:CRM) has agreed to acquire robotic process automation (RPA) provider Servicetrace.

* The financial terms of the transaction remain undisclosed.

* The acquisition will become a part of MuleSoft, a Salesforce company. It is likely to close in Q3 of Salesforce's FY22.

* Recently, RPA has grown to the forefront as a top software technology trend, combining robotics and automation to perform repetitive tasks.

* Salesforce.com held $15 billion in cash and equivalents as of Apr. 30.

* Price action: CRM shares traded lower by 0.24% at $241.36 on the last check Monday.