This acquisition will make Salesforce customers enabled to unlock even more value from their data to drive intelligent customer experiences and smarter business decisions.
San Francisco, CA and Seattle, WA-Jun 10, 2019: Salesforce and Tableau have entered into an agreement by which Tableau will be acquired by Salesforce 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 $15.7 billion, depending on the trailing 3 day volume weighted average price of Salesforce shares as of June 7, 2019.
Salesforce with Tableau will now play an even greater role in driving digital transformation, enabling businesses around the globe to tap into data across their entire organization and surface deeper insights to drive intelligent, connected customer experiences, make smarter decisions, and accelerate innovation.
Now, only Salesforce with Customer 360 can offer businesses with an intelligent and complete view of their customers across every touch point like marketing, service, sales, commerce and more. And with Salesforce Einstein, Salesforce pioneered AI for CRM to deliver AI-powered analytics for marketing and sales.
Salesforce with Einstein and Tableau will deliver the most intuitive and intelligent analytics and visualization platform for every user and every department at any company. The acquisition of Tableau will make both Salesforce’s analytics and Customer 360 capabilities stronger and at the same time enable the companies to effectively reach a much broader set of users and customers.
According to Marc Benioff, Chairman and co-CEO, Salesforce; we are bringing together the world’s #1 analytics with the #1 CRM platform. Salesforce helps people understand and engage customers, and Tableau helps people see and understand data. It’s really the best for both the worlds for our customers, bringing together two major platforms that every customer needs to understand their world. And I’m thrilled to welcome Adam and his entire team to Salesforce.
The transaction has been approved by the board of directors of both companies. And under the terms of this transaction, Salesforce will start an exchange offer to acquire all of the outstanding shares of Tableau. This acquisition is expected to be completed during the third quarter of the Salesforce fiscal ending October 31, 2019, subject to customary closing conditions which includes the tender by Tableau stockholders of shares representing a majority of the Tableau common stock voting power, assuming all shares tendered or converted will be counted on a one-vote-per-share basis, and the receipt of regulatory approvals.
The founders of Tableau, Patrick Hanrahan, Christopher Stolte, Christian Chabot, all have entered into an agreement with Salesforce in connection with the transaction, and have indicated that they intend to tender all of their shares in the exchange offer.
Salesforce is the global CRM leader that empowers companies to connect with their customers in a whole new way.
Tableau enables people to see and understand data and its self-service analytics platform empowers people of any skill level to work with data.
About Infotanks Media:
We have 198,200 Companies who are using Salesforce with 1,030,640 Contacts and we have 18,002 Companies who are using Tableau with 93,610 at their premises. The data fields provided would be Technology Type, Company Name, Contact Name, Title, Phone Number, Email Address, Physical Address, City, State, ZIP Code, Country, Fax, SIC Code, Industry, Employee size, Revenue size, and Website address.
Infotanks Media is a Technographics Data provider. We track 10,000 plus software and hardware technologies at the client site with over 40 million contact database of End Users and Decision Makers.
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