CRM says "Fin"ish Him

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CRM says "Fin"ish Him

Enterprise Software

SALESFORCE.COM, INC. (CRM) June 15, 2026

CRM says "Fin"ish Him Rating:

OutperformSalesforce announced today a definitive agreement to acquire Fin (formerly Intercom), Price:

an AI-native customer service agent company, for approximately $3.6 billion. Fin's $165.89

core product is its AI Agent, which autonomously resolves complex customer Price Target:

$220queries end-to-end across every channel (live chat, email, WhatsApp, SMS, phone,

% Upside:

Slack). The AI Agent is powered by Fin's proprietary model, "Apex," which is purpose- 32.6%

built for customer support and has demonstrated strong resolution rates, with the

company citing an average of 76% of support volume resolved autonomously. Fin Source: FactSet, Wolfe Research

Priced as of 06/12/26

recently crossed $100M in ARR on the AI Agent alone, growing at ~3.5x, with the

broader company generating approximately $400M in total ARR (total biz growing Alex Zukin

~40% and legacy SaaS low DD in 4Q26). The company has a 30,000+ customer azukin@wolferesearch.com (415) 878-6420

base and is skewed towards SMB and mid-market. In our ecosystem conversations, View Alex’s Research

Fin has been coming up as a strong AI solution, especially within the SaaS space. More View CRM Model

broadly, Fin is regarded as one of the most successful AI agents in the market, and View Comp Table

Intercom is the most prominent example of a pre-AI SaaS co that has re-invented Joshua Tilton, CFA

itself into an AI-native (CEO's poston turnaround strategy). JTilton@wolferesearch.com

(415) 878-6430

Agentforce reached $1.2B in ARR in Q1 FY27 (up 200%+ y/y), but our channel View Joshua’s Research

checks consistently flag that time-to-value remains a challenge and that most Ivan Radojicic