Wednesday, 18 September, 2019


Salesforce buying Tableau Software in $15.7B all-stock deal

Salesforce buying Tableau Software in $15.7B all-stock deal Salesforce buying Tableau Software in $15.7B all-stock deal
Conrad Doyle | 11 June, 2019, 17:23

As part of the all-stock deal, Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, representing a premium of 42% to Tableau's Friday closing price.

"Tableau can hook up to all the above sources and deliver BI analytics to end users directly, which reduces the data delivery time and democratizes analytics to be created and consumed at all skill levels, without developers", Harrison said.

Salesforce is buying data visualisation specialist Tableau for $15.7bn as it looks to up its analytics game. "It's truly the best of both worlds for our customers - bringing together two critical platforms that every customer needs to understand their world".

"Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data", Adam Selipsky, president and CEO of Tableau, said in the release.

Microsoft's Power BI is a direct competitor to Tableau.

In addition, Salesforce announced that it will keep Tableau's Seattle home base, which will become Salesforce's second headquarters.

Salesforce and Tableau expect to complete the acquisition during Salesforce's fiscal third quarter ending October 31, 2019, pending the tender of Tableau shares by the company's stockholders and subject to other customary closing conditions and regulatory approvals.

The company said it now expects 2020 adjusted profit in the range of $2.51 per share to $2.53 per share. The company has grown rapidly, reporting fiscal 2018 (ended December 31, 2018) revenue of $1.16 billion, up 18 percent from 2017.

For the first quarter (ended March 31) of 2019 Tableau reported revenue of $282.5 million, up 15 percent from one year earlier, while its net loss almost doubled year-over-year to $88.9 million.

Regardless of branding, Tableau capabilities could go far in boosting current Salesforce technology.

With Tableau, Salesforce aims to play a greater role in driving digital transformation, enabling companies to tap into data across their entire business and surface deeper insights to make smarter decisions, drive intelligent, connected customer experiences and accelerate innovation.

If you're a Salesforce customer, which thousands of you are, this deal is significant because it provides a powerful way to make sense of the vast amounts of data you generate about your customers through existing tools like Pardot marketing automation, Sales Cloud, and Service Cloud.

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