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US: Salesforce to buy Tableau in $15.7bn deal

By  |  June 10, 2019
Salesforce has agreed to pay $15.7bn for Tableau Software, in the biggest deal to date for the highly acquisitive cloud software group run by Marc Benioff. It said on Monday it would buy Tableau, which makes data analytics software that turns raw data into visualisations, in an all-share deal.

The valuation is net of cash. Salesforce has bought dozens of companies since it was founded in 1999 by Mr Benioff, a former Oracle executive. Last year, it paid $6.8bn for Mulesoft, a data integration platform.

Mr Benioff has attracted attention for aggressive acquisitions, even mulling a bid for Twitter. Outside Salesforce, he and his wife bought Time Magazine for $190m last year.

Salesforce’s move comes at a time when the San Francisco-based cloud computing company has been forced to ramp up investment because of mounting competition from Oracle, Microsoft and other large rivals.

Full Content: Financial Times

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