MST Solutions Doubles Down on Culture and Innovation to Drive Next Wave of Growth

The digital services company realized record results amid rapid shifts in the industry

The second quarter introduced seismic shifts in the health care, public sector, and manufacturing industries, and MST Solutions, Arizona’s leading Salesforce CRM and marketing automation consulting partner, quickly responded to meet the new demands of these sectors by introducing a new licensing solution, and two Salesforce solutions. As a result, the company has reported better than anticipated Q2 growth and beat its first-half goals by double digits.

The MST Licensing Solution for Salesforce, an all-in-one cloud platform built specifically to allow licensing organizations to automate licensing, permitting, and enforcement processes, and support virtual operations, was introduced at a pivotal time when many organizations were forced to halt in-person services. However, most were not set up to go virtual as they still relied heavily on paper-based, manual processes. The cloud-based Licensing Solution alleviated this reliance and enabled a

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Salesforce Doubles Down With $100M Fund for Education and Other ‘Impact’ Investments

For its second impact fund, Salesforce is doubling the size of its pockets to support start-up companies working to solve problems in education, workforce training and climate science, and to create economic opportunities for minority and underrepresented populations.

Today, the publicly traded technology company announced a new $100 million Impact Fund within its Salesforce Ventures investment arm. The fund comes from Salesforce’s operating capital—in other words, it did not raise this money from outside investors.

“In the midst of concurrent crises—a global pandemic, economic fallout, and systemic racism and injustice—there’s never been a more important time to seek and support solutions that create new opportunities,” said Claudine Emeott, senior director of impacting investing at Salesforce, in an interview.

The investment strategy does have specific parameters—the most important of which is that prospective funding recipients should be able to show how their tools and services align with Salesforce’s existing product offerings.

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Microsoft doubles down on gaming with $7.5 billion deal for Doom-owner ZeniMax

NEW YORK (REUTERS) — Microsoft Corp said on Monday it would acquire ZeniMax Media for $7.5 billion in cash, strengthening its Xbox video game offering with the studio behind titles such as Fallout and the Doom, as competition heats up with Sony Corp.

ZeniMax is the parent company of Bethesda Softworks, which has also developed hits including The Elder Scrolls, Wolfenstein, and Dishonored.

The deal comes more than a week after Microsoft’s failed bid for short video app TikTok’s U.S. assets. TikTok has currently structured the deal as a partnership with Oracle and Walmart rather than an outright sale.

Microsoft said it plans to bring Bethesda’s future games into its monthly Xbox Game Pass subscription service when they launch on Xbox or PC. The game pass now has more than 15 million subscribers, Microsoft added.

Bethesda’s structure and leadership will remain in place, Microsoft said.

Gaming is on a tear

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Stocks fall as tech slides, Fed projects years of low rates, Snowflake doubles in IPO

S&P 500, Nasdaq finish in the red

The major indexes could not shake off the struggles of large tech stocks and drifted lower in the final hour of trading. The S&P 500 and Nasdaq Composite lost 0.5% and 1.3%, respectively. The Dow, at one time up more than 350 points, notched just a 38 point gain. — Jesse Pound

Powell wraps up

Fed chair Jerome Powell concluded his press conference shortly after 3:30 p.m. With less than half an hour remaining in Wednesday’s session, the Dow was up 125 points, while the S&P 500 and Nasdaq Composite had fallen 0.1% and 0.9%, respectively. — Jesse Pound

Tech struggles drag down market

Continued struggles for major tech stocks weighed on the overall market and erased some of its recent gains.

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