Kimberly White / Stringer
- Salesforce is acquiring Tableau, a publicly-traded data visualization company, for $15.7 billion.
- Tableau’s price tag makes it considerably more expensive than Salesforce’s last mega-acquisition of Mulesoft for $6.5 billion in March 2018.
- Visit Business Insider’s homepage for more stories.
Salesforce is acquiring Tableau, a publicly traded company that sells data visualization software, in a $15.7 billion deal announced early Monday.
Tableau, run by CEO Adam Selipsky, has long been viewed as an acquisition target for Salesforce, which has used large scale acquisitions to build out its product suite and surge toward its long-term revenue goals.
Tableau’s data analytics and visualization platform has 86,000 customers, including Charles Schwab and Southwest Airlines.
Bank of America Merrill Lynch advised Salesforce on the deal, and Goldman Sachs advised Tableau.
Salesforce said Tableau will continue to operate independently under the Tableau brand with Selipsky and the rest of its current leadership team in charge. The company has 4,200 employees, though it’s unclear whether they will all stay.
Tableau’s $15.7 billion price tag makes it considerably more expensive than Salesforce’s last mega-acquisition of Mulesoft for $6.5 billion in March 2018.
Tableau’s shares surged 34.17% to $168.00 in pre-market trading on Monday. Salesforce was down 4.57% to $153.90.
This story is developing. Refresh for the latest update.
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See Also:
- John Donahoe went from leading eBay to the CEO of $50 billion ServiceNow. Now, he says his ‘sweet spot’ is getting the company to $10 billion in revenue.
- Experts say that Google Cloud’s $2.6 billion acquisition of Looker could give it more of a competitive edge against Microsoft, Amazon, and Oracle
- Despite the tech Cold War with China, Wall Street says Salesforce is in a strong position and will see little impact
Source: Business Insider – bpeterson@businessinsider.com (Becky Peterson)