Tableau Has Entered Into An Agreement To Be Acquired By Salesforce

The news comes from Google`s announcement last week that it has reached a final deal to acquire start-up Looker for $2.6 billion. The acquisition is expected to be completed before the end of the year, when Looker will be added to Google Cloud. Salesforce and Tableau have reached a final agreement under which Salesforce will acquire Tableau in a $15.7 billion all-share transaction based on the average Salesforce share price as of June 7, 2019. In the case of Salesforce, which is primarily a SaaS solution, it remains to be seen how Tableau will be included in its list of offers. “Most of Tableau`s 86,000 customers use local offerings. The table architecture has recently been significantly updated for the hyper-data engine with a relatively painless upgrade experience,” Underwood said. “Salesforce also acquired BeyondCore [an advanced analytics provider] and datorama, another visual analytics provider, in 2016 last year. I see amazing potential to combine what they have already bought. Stephen Swoyer, a research analyst at Eckerson Group, believes that Salesforce has acquired Tableau simply because both companies already serve many of the same customers and consolidation is a natural step forward. “The two companies overlap massively; Many of the same customers use both Salesforce and Tableau,” said Swoyer. Most users who perform any type of analysis in Salesforce use Tableau, although perhaps in combination with Microsoft Excel, Alteryx and a few other tools. Salesforce is in the process of making it official. For more information and where to find it: the exchange offer contained in this communication has not yet begun. This press release is only for informational purposes and is neither an offer to purchase nor an invitation to sell shares and does not replace the products of the offer that Tableau Software, Inc.

(the company),, Inc. (“salesforce”) or its acquisition subsidiary Sausalito Acquisition Corp. (the purchaser) will submit to the U.S. Securities and Exchange (the “SEC”). When the exchange offer is sent, Salesforce and the buyer will submit a bid statement for Schedule TO, salesforce will file a registration statement on Form S-4 and the company will file an invitation/recommendation statement regarding Schedule 14D-9 with the SEC regarding the exchange offer.

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