NEW YORK (TheStreet) -- Salesforce.com (CRM) - Get Report shares are climbing 0.31% to $78.30 on Thursday after the provider of enterprise cloud computing solutions said it would acquire sales software startup SteelBrick for $300 million.

The deal is expected to close before April 30.

Including $60 million in cash and after taking out Salesforce Ventures' previous investments, the transaction is valued at a total of about $360 million, the Wall Street Journal reports.

SteelBrick sells "quote-to-cash" software that uses data from Salesforce's customer relationship management system to automate the process of generating sales proposals, Fortune noted.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate SALESFORCE.COM INC as a Hold with a ratings score of C. COM INC (CRM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow.

Highlights from the analysis by TheStreet Ratings Team goes as follows: