Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. announced on April 21 that it had entered into an agreement to acquire Jigsaw, a company that uses crowdsourcing to build and maintain an online database of business contacts. The deal is expected to close in the second quarter of fiscal year 2011, with reportedly paying around $142 million. said it intends to combine its cloud-based CRM applications and platform with Jigsaw’s own cloud model for data acquisition and structuring, giving an entry into the $3 billion market for cloud-based business-to-business data services. At the same time, the acquisition will open up new opportunities for’s third-party developers, who theoretically will be able to build applications that use Jigsaw’s business-contact data, and will allow for partnerships between and data-trafficking companies such as LexisNexis.