Salesforce finalized a definitive agreement this week to acquire Tableau Software in an all-stock deal valued at more than $15 billion.
Here are four things to know about the deal:
1. In the transaction, each share of Tableau Class A and B common stock will be exchanged for 1.103 shares of Salesforce common stock, for an enterprise value of $15.7 billion.
2. The acquisition is expected to be completed during Salesforce's third fiscal quarter, which ends Oct. 31.
3. Once Tableau's data analytics software has been integrated into Salesforce's customer relationship management platform, Salesforce expects its 2020 revenue to increase by $350 million to $400 million, for a total of $16.45 billion to $16.65 billion, a 24-25 percent increase year-over-year.
4. Tableau will remain headquartered in Seattle, rather than moving to Salesforce's San Francisco base. The current leadership team, led by CEO Adam Selipsky, will also remain in place.
"We are bringing together the world's number one CRM with the number one analytics platform. Tableau helps people see and understand data and Salesforce helps people engage and understand customers," Marc Benioff, Salesforce chairman and co-CEO, said in a statement. "It's truly the best of both worlds for our customers — bringing together two critical platforms that every customer needs to understand their world."
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