CODA was a UK software company that was founded in 1979 and acquired by UNIT4 in 2008 for around 213 million euros.[2][3]
FinancialForce was established as a joint venture between Salesforce and UNIT4 in September 2009,[4] which incorporated the Coda 2go software that was originally launched in December 2008.[5][6] As of March 2019, 40% of the shares are owned by Salesforce and 60% by UNIT4.[7]Het Financieele Dagblad estimated the value of the company at around 500 million euros, based on the 2019 annual report.[8]
In March 2015, the company received $110M in funding from Technology Crossover Ventures and Salesforce Ventures.[9] In January 2017, FinancialForce appointed former Salesforce and Heroku executive Tod Nielsen as CEO and President.[10]