Innovation intelligence brief
Innovation intelligence brief
Designed to work with Salesforce Financial Services Cloud, Vlocity Insurance is a digital platform that allows insurers to overcome legacy constraints and transform their businesses for the modern age.
What became of it
Completed · High confidence · Last verified 2026-10-17
As catalogued
Industry-specific insurance cloud applications (policy, quoting, servicing) built natively on Salesforce, letting insurers bypass legacy front-office constraints.
2026 reality
Vlocity no longer exists as a separate company or brand; its products form Salesforce Industries. Founder David Schmaier became CEO of Salesforce's Industries business.
Salesforce signed a definitive agreement in February 2020 and closed the acquisition on 1 June 2020 (reported value about USD 1.3 billion). Vlocity was renamed Salesforce Industries.
Vlocity's industry templates became the foundation of Salesforce's vertical clouds, including its insurance offering, so the capability is widely deployed but no longer distinct.
Third taxonomy
REVIEW · Verified the February 2020 agreement and 1 June 2020 closing (about USD 1.3bn) via Salesforce newsroom and Aragon Research; Schmaier as CEO of Industries confirmed. No changes.
Documented evidence
Services
Offers
Offers
Vella
Research interpretation
Classification paths, as catalogued, connect this example to the original insurance digitalization research models.