Salesforce.com is taking a major step to increase its business analytics portfolio with a deal to acquire Tableau Software, one of the leading developers of business intelligence and data visualization software, for a whopping $15.7 billion.
The two companies announced the deal Monday morning under which Salesforce will acquire publicly held Tableau in an all-stock transaction. Salesforce will exchange 1.103 shares of its common stock, valued at $15.7 billion, for each share of Tableau’s Class A and Class B common stock. “We are bringing together the world’s No. 1 CRM with the No. 1 analytics platform,” said Salesforce chairman and co-CEO Marc Benioff in a statement announcing the deal.
Author: Rick Whiting