Salesforce announced Monday it has agreed to acquire Fin, the AI-agent company formerly known as Intercom, in a $3.6 billion deal.
We’re excited to share that we just signed an agreement for @salesforce to acquire @fin_ai for ~$3.6B. The transaction is expected to close in the fourth quarter of Salesforce’s fiscal year 2027.
Fin started as Intercom 15 years ago. We changed our name to cap our transformation… pic.twitter.com/ghD3xGld55
— Eoghan McCabe (@eoghan) June 15, 2026
CRM stock was up 0.8% to $167.10 on Monday. That would snap a nine-session losing streak. The stock is still down 37% this year.
The move comes as Salesforce faces mounting pressure from investors who fear that AI coding tools could let customers build their own custom versions of Agentforce, cutting out the need for Salesforce’s software.
Fin’s core product is an AI agent that handles customer queries end-to-end. It works across live chat, email, WhatsApp, text, phone, and Slack.
The agent runs on Fin’s own model, called Apex. Salesforce says Apex is purpose-built for customer support and outperforms top commercially available models on resolution rates.
CEO Marc Benioff called the deal a natural fit. “Fin brings proven agent technology, a deep commitment to customer success, and an incredible AI team that will complement Agentforce with powerful service agent capabilities,” he said.
Fin CEO and co-founder Eoghan McCabe said the deal gives his company the reach it couldn’t have built alone. “By joining forces with Salesforce, we can deploy it far and wide at a rate far faster than we could have ever achieved on our own,” McCabe said.
Agentforce grew annual recurring revenue 20% to $1.2 billion in fiscal Q1 2027. Fin is expected to extend that platform’s reach in customer service operations.
The deal is set to close in Salesforce’s fiscal Q4 2027, subject to certain price adjustment conditions.
RBC Capital Markets analyst Rishi Jaluria said the acquisition makes sense strategically, especially in customer engagement. But he flagged concerns.
“We have questions around the logic of the acquisition and acknowledge that this adds additional integration/execution risk given Informatica, Contentful, and other smaller scale acquisitions are being integrated at the same time,” Jaluria wrote Monday.
Barron’s last week said it no longer recommends Salesforce, having originally made it a stock pick in December.
The broader software sector has been under pressure this year from what some are calling the “SaaSpocalypse” — the concern that AI agents could reduce demand for traditional SaaS tools.
Salesforce stock is down 37% year-to-date heading into this week.
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