Economy

Salesforce buying big data firm Tableau for $15.3-billion

Salesforce buying big data firm Tableau for $15.3-billion”

Salesforce's Parker Harris on managing complex IT integrations and handing the inevitable crisis At Salesforce TrailheaDX 2019, Parker Harris shared his advice for tech leaders on everything from multiplatform integration to managing a crisis.

Salesforce's deal comes days after Alphabet's Google bought big-data analytics company Looker for $2.6 billion and surpasses the $5.9 billion that the cloud-based software company paid to buy U.S. software maker MuleSoft in 2018.

Salesforce will acquire Tableau for an enterprise value of $15.7 billion. That service is increasingly valuable, as big data emerges as an ubiquitous tool in the business world.

Tableau uses self-service analytics to help people with any skill level work with data.

Following the acquisition close, Tableau will operate independently under the Tableau brand, will remain headquartered in Seattle, Wash. and will continue to be led by CEO Adam Selipsky and the current leadership team. "It's truly the best of both worlds for our customers-bringing together two critical platforms that every customer needs to understand their world", Salesforce Chairman and co-CEO Marc Benioff said in a statement.

Tableau's $15.7 billion price tag makes it considerably more expensive than Salesforce's last mega-acquisition of Mulesoft for $6.5 billion in March 2018. "I'm delighted that our companies share very similar cultures and a relentless focus on customer success".

The acquisition is expected to add about $350 million to $400 million to Salesforce.com Inc.'s fiscal 2020 revenue.

Microsoft's Power BI is a direct competitor to Tableau.



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