Salesforce buying Tableau Software in $15.7B all-stock deal
Salesforce buying Tableau Software in $15.7B all-stock deal
Salesforce to Acquire Tableau, for $15.7 Billion
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.
The U.S. and South Korea, too have blamed North Korea, but Malaysian officials never officially accused Pyongyang of involvement. However, it has not been verified when these apparent meetings took place or whether the North Korean leader was aware of them.
After losing the first game against New Zealand by 10 wickets, the islanders have managed to steady their ship. What time does Bangladesh vs Sri Lanka Cricket World Cup clash begin? The toss will take place at 2.30 pm IST.
The battery life may, however, decrease with the increase in the frequency of automatic heart rate tracking and sleep tracking. Xiaomi has also launched special Avengers edition Bands with superhero watchfaces and this one is priced at CNY 329 (~$50).
Temperatures above 30 degrees Celsius and strong river currents have slowed the operation, which has been stopped several times. Pumps were used to remove water from the hull and the rest of the tourist boat was slowly brought to the surface.
Esha Deol and husband Bharat Takhtani became parents again! Her post reads, "Welcome to our tribe, Baby Girl Miraya Takhtani". Lara Bhupathi wrote, "Heartiest congratulations @imeshadeol and Bharat on the arrival of your angel!"
Tampa Bay's first four batters singled, and the Rays took a 2-0 lead on Lowe's RBI single and Travis d'Arnaud's sacrifice fly. Tampa Bay reached 40 wins in its initial 64 games for only the second time in its history after doing it in 62 games in 2010.
But the beloved director is taking a swing at the genre, with a unique twist: His show can only be watched when it's dark out. Quibi has already lined-up projects involving Steven Soderbergh, Antoine Fuqua, Anna Kendrick, Laurence Fishburne and more.
Rory McIlroy finds form before US Open tilt
But hockey, golf and a summer's day with homegrown hopes still in contention going into the final round is tough to top. On top of the US (2011) and British (2014) Opens, McIlroy has also won the Australian (2013) and Irish Opens (2016).
Canada plans to ban 'harmful' single-use plastics by 2021
Malaysia similarly said it would return 3,000 tons of plastic waste from Canada, the United States, Japan and the United Kingdom. Without a change in course, Canadians will throw away an estimated $11 billion worth of plastic materials each year by 2030.
About 100 Malians killed in attack on Dogon village
The victims have included women and young children, and observers say hundreds of civilians were killed previous year alone. It's the latest in a spate of deadly attacks in the region, which has seen escalating tensions between ethnic groups.
Manchester Utd agree deal to sign Swansea’s Daniel James
Swansea also announced that all parties had agreed for James to become Ole Gunnar Solskjaer's first signing as United manager. Manchester United "don't need" Daniel James but he will be a player for the future, according to Steve Nicol.
The 'Frozen 2' Poster Is Ominous
The cold winds are coming our way as Walt Disney Pictures and Walt Disney Animation Studios are all set to roll out Frozen 2 . A trailer released a few weeks ago teased that Elsa and Anna's adventurous journey through the dark corners of the world.
EPL: Mourinho ready for Newcastle job
Jose Mourinho is rumored to be linked to the Newcastle United job if Sheikh Khaled's purchase of the club goes through. I like the stadium. "I like the Geordies", he added.
How Huawei is wooing developers to its own app store
Huawei certainly doesn't have the money that Samsung has, but it may not need it if its determination proves fierce enough. We would therefore like to invite you to join our 560k developers community for free, in our Huawei Developer portal.
At least 1 dead, 6 injured in Dallas crane collapse
The body of a woman, who was not identified by officials, was found inside the building after the collapse, fire officials said. Among witnesses interviewed by the Dallas Morning News , Yesenia Bosquez said the crane crashed into her top-floor apartment.
New Zealand ease to victory over Afghanistan
We have played spin well in the past and maybe the pressure of moment the other night made for some poor decisions. In this type of cricket, you need to play complete 50 overs. "He's feeling better now".
Kellen Winslow found guilty of raping homeless woman
In addition to the aforementioned charges, Winslow was cited for exposing himself to two different women over the past year. The two other counts of rape involve a 54-year-old hitchhiker and an unconscious teenage girl in 2003.
Kawhi Leonard files lawsuit against Nike over logo copyright
The Toronto Raptors forward has had a phenomenal 2019 NBA Playoffs run, taking the Raptors all the way to the 2019 NBA Finals . The ultimate goal of the lawsuit is for Leonard to reclaim sole control over the logo so he can do with it as he pleases.