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Salesforce acquired analytics platform Tableu

Salesforce will play an even greater role in driving digital transformation with Tableau, enabling companies around the world to tap into data across their entire business.

Jun 11, 2019 12:52 IST
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Salesforce is a US-based Cloud computing firm which announced acquisition of leading analytics platform Tableau Software on June 11, 2019. Salesforce managed this deal for USD 15.7 billion in an all-stock deal. Salesforce writes in press release that world's #1 CRM and #1 analytics platform come together to supercharge customers' digital transformations.

Tableau acquisition details

Salesforce and Tableau have entered into a definitive agreement under which Salesforce will acquire Tableau in an all-stock transaction, pursuant to which 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 15.7 billion (net of cash), based on the trailing 3-day volume weighted average price of Salesforce's shares as of June 7, 2019. The transaction is intended to be tax free for Tableau stockholders (except with respect to cash for fractional shares).

Major Highlights

•    Salesforce will play an even greater role in driving digital transformation with Tableau, 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.
•    With Tableau and Einstein together, Salesforce will deliver the most intelligent and intuitive analytics and visualization platform for every department and every user at any company.
•    Tableau will make both Customer 360 and Salesforce's analytics capabilities stronger than ever, and enable the company to reach a much broader set of customers and users.
•    Tableau will operate independently under the Tableau brand, driving forward a continued focus on its mission, customers and community.
•    As part of the world's #1 CRM company, Tableau will remain headquartered in Seattle, Wash. and will continue to be led by CEO Adam Selipsky and the current leadership team.
•    The acquisition of Tableau is expected to be completed during Salesforce's fiscal third quarter ending October 31, 2019.

About Tableau

Tableau helps people see and understand data. 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.

About Salesforce

Salesforce is a cloud-based customer relationship management (CRM) platform for supercharging every part of your company that interacts with customers — including marketing, sales, commerce, service, and more.

 

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