Latest News
Salesforce to Acquire Tableau to Enhance Digital Transformations
Wednesday 12 June 2019

12 June 2019 - San Francisco, US-based CRM company Salesforce (NYSE: CRM) has entered into a definitive agreement to acquire Seattle, US-based analytics platform Tableau Software (NYSE: DATA) in an all-stock transaction, the company said.
Each share of Tableau class A and class B common stock will be exchanged for 1.103 shares of Salesforce common stock, representing an enterprise value of USD 15.7bn (net of cash), based on the trailing 3-day volume weighted average price of Salesforce's shares as of June 7, 2019.
With Tableau, Salesforce said it will play a greater role in driving digital transformation, enabling companies around the world to tap into data across their entire business and surface deeper insights to make smarter decisions, drive intelligent, connected customer experiences and accelerate innovation.
As part of Salesforce, Tableau will be positioned to scale and further its mission to help people see and understand data. Following the acquisition close, Tableau will operate independently under the Tableau brand, driving forward a continued focus on its mission, customers and community.
The transaction is expected to increase Salesforce's FY20 total revenue by approximately USD 350m to USD 400m.
Tableau's self-service analytics platform empowers people of any skill level to work with data.
From individuals and non-profits to government agencies and the Fortune 500, tens of thousands of customers around the world use Tableau to get rapid insights and make impactful, data-driven decisions.
Salesforce, a leader in CRM, empowers companies to connect with their customers in a whole new way.
Bank of America Merrill Lynch is serving as exclusive financial advisor to Salesforce and Wachtell, Lipton, Rosen and Katz and Morrison and Foerster LLP are serving as legal counsel. Goldman Sachs and Co. LLC is serving as exclusive financial advisor to Tableau and Cooley LLP is serving as legal counsel.
Details
Date Published: 12/06/2019
Target: Tableau Software
Country: USA
Deal Size: 15.7bn (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Salesforce
Buyer Advisor: Bank of America Merrill Lynch , Wachtell, Lipton, Rosen and Katz , Morrison and Foerster
Comment:


Options