Salesforce Announces Tableau Acquisition. At 2018 revenue of $1.16 billion, Tableau acquisition was almost 13.5x. The $15.3 billion deal is a major bid to build up Salesforce's analytics offering. Salesforce and Tableau share a deep commitment to empowering their communities, enabling people of every skill level to transform their businesses, their careers, and their lives through technology. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. FY20 non-GAAP EPS: As discussed further below, guidance updates for GAAP EPS for all periods discussed are not currently available and Salesforce expects to provide the applicable updates when the transaction has closed and the purchase accounting has been completed. This purchase marks the biggest acquisition in … On Monday, June 10, Salesforce announced its plans to purchase Tableau Software. Tableau helps people see and understand data. As part of Salesforce, Tableau will be positioned to accelerate and extend its mission to help people see and understand data. Benioff called the region the company’s “HQ2 ” when he announced the acquisition a year ago. Founded in 1999, Salesforce enables companies of every size and industry to take advantage of powerful technologies—cloud, mobile, social, internet of things, artificial intelligence, voice and blockchain—to create a 360-degree view of their customers. Tableau was reallly RSU heavy, and salesforce seems to not like giving out RSUs. Non-GAAP operating margin and non-GAAP EPS estimates exclude the impact of the following non-cash items: stock-based compensation, amortization of acquisition-related intangibles, as well as income tax adjustments. Tableau’s self-service analytics platform empowers people of any skill level to work with data. 10 Jun 2019 New York, June 10, 2019 -- Moody's said that salesforce.com, inc.'s announcement that it has agreed to acquire Tableau Software in an all-stock transaction for $15.7 billion is credit positive. 4 min read. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the transaction, Salesforce’s plans, objectives, expectations and intentions, the financial condition, and the results of operations and business of Salesforce or Tableau. I’m delighted that our companies share very similar cultures and a relentless focus on customer success. The acquisition of Tableau by CRM software giant Salesforce is earth-shaking news for anyone in the enterprise software world. Salesforce and Tableau have entered into a definitive agreement under which Salesforce will acquire Tableau 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 (net of cash), based on the trailing 3-day volume weighted average price of Salesforce’s shares as of June 7, 2019. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. In 2003, Tableau set out to pioneer self-service analytics with an intuitive analytics platform that would empower people of any skill level to work with data. “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. Purchase Price: $15.7B. Salesforce and Tableau will host a conference call to discuss this transaction at 5:00 a.m. (PT) / 8:00 a.m. (ET) on June 10, 2019. Salesforce.com, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States, “We are bringing together the world’s #1 CRM with the #1 analytics platform. Salesforce Buying Tableau for $15.7 Billion . It’s a good move. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares, nor is it a substitute for any offer materials that Salesforce, its acquisition subsidiary or Tableau will file with the U.S. Securities and Exchange Commission (the “SEC”). Moody's says acquisition of Tableau Software by salesforce.com is credit positive; no immediate impact on ratings. Why keep the companies separate, and what will their … The recently-announced acquisition announcement of Tableau by Salesforce has left many business owners wondering whether this deal will impact their operations. New York, June 10, 2019 -- Moody's said that salesforce.com, inc.'s announcement that it has agreed to acquire Tableau Software in an all-stock transaction for $15.7 billion is credit positive. This presentation contains forward-looking information related to Salesforce, Tableau and the acquisition of Tableau by Salesforce that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. This creates an incredible opportunity for Salesforce and Tableau, as IDC projects worldwide spending on technologies and services that will enable digital transformation to reach $1.8 trillion in 2022. The Global Pandemic has Reset Standards for Brand Engagement and Marketing, How the Salesforce Ecosystem Powers Connected Patient Experiences, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, © Copyright 2021 Salesforce.com, inc. This communication contains forward-looking information related to Salesforce, Tableau and the acquisition of Tableau by Salesforce that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. “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. Various trademarks held by their respective owners. While Marc Benioff has been increasingly effusive over the past few quarters in praising Salesforce’s Tableau subsidiary, he went over the moon in last week’s call by declaring it to be not only the best but also most-successful software-industry acquisition ever.

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