Sunday , October 24 2021

Big deal in IT: Salesforce buys Tableau for $ 15.7 billion


IT Salesforce, the global leader in customer relationship management (CRM), today announced that it is acquiring Tableau, the leader in data visualization software, worth $ 15.7 billion.

"Tableau helps the world visualize and understand data, and Salesforce helps engage and understand customers," said Marc Benioff, Salesforce president and co-CEO.

The entire acquisition process must be completed by the end of October 2019.

In executing the transaction, Salesforce uses the financial advisory services of Bank of America Merrill Lynch and Tableau of Goldman Sachs & Co. LLC

On the legal side, Salesforce is advised by Wachtell, Lipton, Rosen & Katz and Morrison & Foerster LLP lawyers and Tableau de Cooley LLP.

Salesforce was founded in San Francisco in 1999 by American entrepreneurs Marc Benioff, Keith Block and Parker Harris. For the year 2019, the IT company estimates about $ 20 billion in revenue. Before setting up Salesforce, Benioff led Oracle.

On the other hand, Tableau was founded in 2003 in Mountain View, California, by contractors Christian Chabot, Chris Stolte and Pat Hanrahan. Currently, the company is headquartered in Seattle, Washington. In 2018, the company reported total revenues of about $ 840 million.

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