The cloud-based software company, Salesforce is acquiring the data analytics company Tableau in $15.7 Billion stock deal. Tableau shareholders will receive 1.103 Salesforce shares, valuing the shares at $177.88 per share. This deal with help the CRM company to diversify them into analytics world.
Following the announcement, Tableau shares soared by 30%. Following the deal by Google to buy the analytics startup Looker for $2.6 Billion, Salesforce wants to bulk up their presence in the market. According to the blog, Tableau will make Customer 360 and Salesforce’s analytics even stronger and help to reacher a broader set of customers.
Many of the comments were added by the executives of the two companies over the deal that are mentioned in the blog.
“We are bringing together the world’s #1 CRM with the #1 analytics platform. Tableau helps people see and understand data, and Salesforce helps people engage and understand customers. It’s truly the best of both worlds for our customers–bringing together two critical platforms that every customer needs to understand their world,” said Marc Benioff, Chairman, and co-CEO, Salesforce, in a statement. “I’m thrilled to welcome Adam and his team to Salesforce.”
“Salesforce’s incredible success has always been based on anticipating the needs of our customers and providing them the solutions they need to grow their businesses,” said Keith Block, co-CEO, Salesforce. “Data is the foundation of every digital transformation, and the addition of Tableau will accelerate our ability to deliver customer success by enabling a truly unified and powerful view across all of a customer’s data.”
“Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data,” said Adam Selipsky, President and CEO of Tableau, in the same statement. “As part of the world’s #1 CRM company, Tableau’s intuitive and powerful analytics will enable millions more people to discover actionable insights across their entire organizations. I’m delighted that our companies share very similar cultures and a relentless focus on customer success. I look forward to working together in support of our customers and communities.”