Home / Business / Salesforce Acquires Tableau, a Data Visualization Company, for $ 15.7 Billion in an All-Stock Deal – TechCrunch

Salesforce Acquires Tableau, a Data Visualization Company, for $ 15.7 Billion in an All-Stock Deal – TechCrunch

Following the $ 2.6 billion purchase of Google's Google startup Looker last week, Salesforce today announced some big news to boost its own work on data visualization and (more generally) tools Helping Companies Make Sense The data sea they use and accumulate: Salesforce buys Tableau for $ 15.7 billion as part of an all-stock deal.

The latter is publicly traded and involves the exchange of common shares of Tableau Class A and B 1,103 common shares of Salesforce, the company said, and the value of $ 15.7 billion is the enterprise value of the transaction, based on the Salesforce Shares Average Sales on June 7, 2019.

This is a huge deal for Salesforce The company reportedly worked hard to buy LinkedIn (which Microsoft picked up instead) ̵

1; while there are none LinkedIn and Tableau have much in common, this agreement is also about expanding customer retention that Salesforce already has.

This also seems to be a step that should help catch up with Google's decision to buy Looker last week, even though I would argue that analytics is an area big enough for all the major technology companies around Advertise companies, pull their ducks in a row when it comes to focusing on stronger strategies (and products) in this area. It is unclear whether (and if) the two transactions were made in response to each other.

"We bring the world's leading CRM together with the leading analytics platform. With Tableau, users can view and understand data, and with Salesforce, users can engage and understand customers. For our customers, it really is the best of both worlds – it brings together two critical platforms that every customer needs to understand their world, "said Marc Benioff, Salesforce's chairman and co-CEO. "I am excited to welcome Adam and his team to Salesforce."

"Working with Salesforce enables us to help people around the world see and understand data," said Adam Selipsky, president and CEO of Tableau. in the same statement. "As part of the world's leading CRM company, Tableau's intuitive and powerful analytics enable millions of people to gain actionable insights across their entire business. I am very pleased that our companies share a very similar culture and a consistent focus on customer success. I look forward to working together to support our customers and communities. "

" Salesforce's incredible success has always been to anticipate our customers' needs and provide them with the solutions they need to grow their business, "said Keith Block, co-CEO of "Data is the foundation of every digital transformation, and the addition of Tableau accelerates our ability to deliver customer success by providing a truly unified and powerful view of all customer data."

More than We Will Come Learning Update it for updates.

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