Salesforce.com focuses on customer relationship management software and services. According to the company, the agreed acquisition will offer customers new ways of analyzing data, a segment in which Microsoft, Google and Amazon are involved. The acquisition takes place through an exchange of shares, the transaction is expected to be completed in the third quarter.
Tableau shareholders will receive 1,103 shares of Salesforce.com for each share. Thus, the purchase price includes a premium of 42% on the closing price of Tableau's share price on Friday.
Tableau will continue to be a stand-alone business after the transaction and will continue to be led by current CEO Adam Selipsky.