Salesforce to Buy Analytics Platform Tableau
June 10 2019 - 8:25AM
Dow Jones News
By Kimberly Chin
Salesforce.com Inc. agreed to buy data analytics platform
Tableau Software Inc. in an all-stock transaction that it said
would help its customers better use and analyze data.
The San Francisco business-software company said Monday that the
deal has an enterprise value of $15.7 billion. Tableau's Class A
and B shareholders would receive 1.103 shares of Salesforce's
common shares for each share they own.
Tableau would keep its headquarters in Seattle and continue to
operate independently under its own name. It will continue to be
led by Chief Executive Adam Selipsky and the current leadership
team, the companies said.
The transaction is expected to add $350 million to $400 million
in revenue in the fiscal year 2020. The company now expects sales
between $16.45 billion and $16.65 billion for the year.
The deal is expected to be completed in the third quarter.
Salesforce said it would combine Tableau's capabilities with
Salesforce Einstein, its artificial intelligence-powered platform,
which would help provide services at every touchpoint of sales,
marketing, service and commerce for customers.
Tableau's software allows companies to build databases,
spreadsheets, graphs and maps to understand their data.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
June 10, 2019 08:10 ET (12:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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