Salesforce CEO Mark Benioff

The CRM software provider Salesforce.com has just posted strong second quarter financial results.

The company had a 20-percent increase in Q2 2009 (ended July 31) total revenue of $316.1 million compared to the same period last year.

Net income was up a significantly by 112-percent to $21.2 million, despite the fact that companies are spending less to curb costs during this tuff economic time.

Salesforce CEO Marc Benioff said that competition is intensifying between major rivals including Microsoft and Oracle, but the company is still fairing well and continues to win contracts over its major competitors.

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IBM has just completed its $340 million acquisition of ILOG Inc. ILOG is a Pairs based business rules engine maker. The systems provide business intelligence and allow executives to make better decisions based on events analysis. IBM was interested in taking over ILOG as IBM felt the merger would allow businesses to process and monitor more complex events with the ILOG systems. More companies are beginning to enter the events planning space, including Oracle and Streambase. Read the full story