salesforce, tableau acquisition announcement

Salesforce.com, inc. Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States, “We are bringing together the world’s #1 CRM with the #1 analytics platform. From individuals and non-profits to government agencies and the Fortune 500, tens of thousands of customers around the world use Tableau to get rapid insights and make impactful, data-driven decisions. Salesforce and Tableau share a deep commitment to empowering their communities, enabling people of every skill level to transform their businesses, their careers, and their lives through technology. Tableau pioneered self-service analytics with an intuitive analytics platform that empowers people of any skill level to work with data. More than 86,000 organizations around the world, such as Charles Schwab, Verizon, Schneider Electric, Southwest and Netflix, rely on Tableau to help them see and understand data. This purchase marks the biggest acquisition in … 1 The company is updating its press release issued June 10, 2019 to correct the following: the acquisition is expected to decrease FY20 non-GAAP diluted EPS by approximately ($0.20) to ($0.22), instead of ($0.37) to ($0.39); FY20 non-GAAP EPS is now expected to be $2.68 to $2.70, instead of $2.51 to $2.53; and, these estimates assume a fully diluted share count of approximately 840 million, instead of approximately 900 million. The $15.3 billion deal is a major bid to build up Salesforce's analytics offering. THE EXCHANGE OFFER MATERIALS (INCLUDING AN OFFER TO EXCHANGE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION. All rights reserved. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares, nor is it a substitute for any offer materials that Salesforce, its acquisition subsidiary or Tableau will file with the U.S. Securities and Exchange Commission (the “SEC”). Bank of America Merrill Lynch is serving as exclusive financial advisor to Salesforce and Wachtell, Lipton, Rosen & Katz and Morrison & Foerster LLP are serving as legal counsel. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. The exchange offer materials and the Solicitation/Recommendation Statement will be made available for free on the SEC’s website at www.sec.gov. The recent acquisition of Tableau by Salesforce … Risks and uncertainties include, among other things, risks related to Salesforce’s ability to implement its plans, forecasts and other expectations with respect to Tableau’s business after the completion of the transaction and realize expected synergies; the ability to realize the anticipated benefits of the transaction, including the possibility that the expected benefits from the transaction will not be realized or will not be realized within the expected time period; the impact of Tableau’s business model on Salesforce’s ability to forecast revenue results; disruption from the transaction making it more difficult to maintain business and operational relationships; the negative effects of the consummation of the transaction on the market price of Salesforce’s common stock or on Salesforce’s operating results; significant transaction costs; unknown liabilities; the effect of the announcement or pendency of the transaction on Tableau’s business relationships, operating results, and business generally; the effect of general economic and market conditions; the impact of geopolitical events; the impact of foreign currency exchange rate and interest rate fluctuations on Salesforce’s results; Salesforce’s business strategy and Salesforce’s plan to build its business, including Salesforce’s strategy to be the leading provider of enterprise cloud computing applications and platforms; the pace of change and innovation in enterprise cloud computing services; the seasonal nature of Salesforce’s sales cycles; the competitive nature of the market in which Salesforce participates; Salesforce’s international expansion strategy; Salesforce’s service performance and security, including the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate potential security breaches; the expenses associated with new data centers and third-party infrastructure providers; additional data center capacity; real estate and office facilities space; Salesforce’s operating results and cash flows; new services and product features; Salesforce’s strategy of acquiring or making investments in complementary businesses, joint ventures, services, technologies and intellectual property rights; the performance and fair value of Salesforce’s investments in complementary businesses through Salesforce’s strategic investment portfolio; Salesforce’s ability to realize the benefits from strategic partnerships, joint ventures and investments; the impact of future gains or losses from Salesforce’s strategic investment portfolio including gains or losses from overall market conditions that may affect the publicly traded companies within Salesforce’s strategic investment portfolio; Salesforce’s ability to execute its business plans; Salesforce’s ability to successfully integrate acquired businesses and technologies; Salesforce’s ability to continue to grow unearned revenue and remaining performance obligation; Salesforce’s ability to protect its intellectual property rights; Salesforce’s ability to develop its brands; Salesforce’s reliance on third-party hardware, software and platform providers; Salesforce’s dependency on the development and maintenance of the infrastructure of the Internet; the effect of evolving domestic and foreign government regulations, including those related to the provision of services on the Internet, those related to accessing the Internet, and those addressing data privacy, cross-border data transfers and import and export controls; the valuation of Salesforce’s deferred tax assets and the release of related valuation allowances; the potential availability of additional tax assets in the future; the impact of new accounting pronouncements and tax laws; uncertainties affecting Salesforce’s ability to estimate its tax rate; the impact of expensing stock options and other equity awards; the sufficiency of Salesforce’s capital resources; factors related to Salesforce’s 2023 and 2028 senior notes, revolving credit facility, 2021 term loan and loan associated with 50 Fremont; compliance with Salesforce’s debt covenants and lease obligations; current and potential litigation involving Salesforce; and the impact of climate change. Following the acquisition close, Tableau will operate independently under the Tableau brand, driving forward a continued focus on its mission, customers and community. As … Salesforce declined to … At 2018 revenue of $1.16 billion, Tableau acquisition was almost 13.5x. It’s a good move. “Tableau will make Salesforce Customer 360, including Salesforce’s analytics capabilities, stronger than ever, enabling our customers to accelerate innovation and make smarter decisions across every part of their business.”, “Today marks the beginning of an exciting new chapter for Tableau, one where we will be able to accelerate our mission and help more people than ever see and understand data,” said Adam Selipsky, President and CEO of Tableau. With Tableau and Einstein together, Salesforce will deliver the most intelligent and intuitive analytics and visualization platform for every department and every user at any company. The prominent one listed is tech heavyweights such as Verizon Communications Inc and Netflix Inc. Also, Tableau shareholders will get 1.103 Salesforce shares which means a premium of 42%. All rights reserved. Salesforce is paying a 42% premium over Tableau’s closing share price on Friday, indicating an urgency to both defend and extend its turf. Copies of the documents filed with the SEC by Salesforce will be available free of charge under the Financials heading of the Investor Relations section of Salesforce’s website at www.salesforce.com/investor or by contacting Salesforce’s Investor Relations department at investor@salesforce.com. Salesforce pioneered AI for CRM with Salesforce Einstein, and today delivers AI-powered analytics for sales, service, marketing, commerce and more. The deal is … With Tableau, Salesforce will play an even greater role in driving digital transformation, enabling companies around the world to tap into data across their entire business and surface deeper insights to make smarter decisions, drive intelligent, connected customer experiences and accelerate innovation. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed transaction, Salesforce’s plans, objectives, expectations and intentions, the financial condition, results of operations and business of Salesforce or Tableau, and the anticipated timing of closing of the proposed transaction. Salesforce Announces Tableau Acquisition. Salesforce is doubling down on data visualization and BI in the purchase of one of the top enterprise technology brands. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Tableau has more than 86,000 customers. Tableau’s now part of the what has become Salesforce’s largest business unit—Platform & Other—whose … For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE. Tableau has more than 86,000 customers. Salesforce has announced that it will purchase the big data firm Tableau Software for $15.3bn in its biggest acquisition ever as the company aims to offer improved data insights to its customers. It’s no surprise then, that the #1 analytics … Tableau has been a Salesforce’s acquisition target since 2016, but Google’s recent grab of Looker (for $2.6 billion) appears to have applied the necessary pressure for Salesforce to shell out $9.2 billion more than their most recent mega-acquisition of MuleSoft just last … You may read and copy any reports or other information filed by Salesforce and Tableau at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. “Salesforce’s acquisition of Tableau gives customers the ability to ensure that self-service and embedded decision support and augmentation is available to all executives, managers and front line employees.”. Tableau’s self-service analytics platform empowers people of any skill level to work with data. Salesforce were on a roll, setting records with some of their biggest acquisitions ever. The acquisition of Tableau by CRM software giant Salesforce is earth-shaking news for anyone in the enterprise software world. Various trademarks held by their respective owners. Salesforce pioneered AI for CRM with Salesforce Einstein, and today delivers AI-powered analytics for sales and marketing. Non-GAAP operating margin and non-GAAP EPS estimates exclude the impact of the following non-cash items: stock-based compensation, amortization of acquisition-related intangibles, as well as income tax adjustments. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. The all-stock deal will be the largest acquisition in the history of the San Francisco-based cloud CRM giant. 3 billion, and MuleSoft in 2018 for $6.5 billion, according to CNBC. Our customers grew with us to form the strongest analytics community in the world. In 2019 they followed suit, and shocked everyone with their $15.7 Billion acquisition of Tableau, one of the world’s leading data visualisation and business intelligence companies. Salesforce.com completed its $15.7 billion all-stock acquisition of Tableau Software on Thursday morning. Salesforce has announced that it will purchase the big data firm Tableau Software for $15.3bn in its biggest acquisition ever as the company aims to offer improved data insights to its customers. New York, June 10, 2019 -- Moody's said that salesforce.com, inc.'s announcement that it has agreed to acquire Tableau Software in an all-stock transaction for $15.7 billion is credit positive. FY20 Revenue is now expected to be $16.45 billion to $16.65 billion, an increase of 24% to 25% year-over-year. Salesforce said Tableau will operate independently and under its own brand post-acquisition. More information is available at www.salesforce.com/investor. As part of Salesforce, Tableau will be positioned to accelerate and extend its mission to help people see and understand data. In an amazingly quick turnaround for a deal of this scope, Salesforce announced today that it has closed the $15.7 billion Tableau deal announced in June. Salesforce has announced an all-stock deal to acquire analytics powerhouse Tableau Software. Why keep the companies separate, and what will their … Companies of every size and industry are transforming how they do business in the digital age—customers and data are at the heart of those transformations. With the completion of the acquisition of Tableau, Salesforce intends to provide an update with regards to fiscal year 2020 guidance on the company’s second quarter conference call, to be held on Thursday, August 22, 2019 at 2:00 p.m. (PT) / 5:00 p.m. (ET). For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. While Marc Benioff has been increasingly effusive over the past few quarters in praising Salesforce’s Tableau subsidiary, he went over the moon in last week’s call by declaring it to be not only the best but also most-successful software-industry acquisition ever. 1-Salesforce Tableau Acquisitions . Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the company’s consolidated financial statements prepared in accordance with GAAP. SAN FRANCISCO, Calif. and SEATTLE, Wash. — June 10, 2019 — Salesforce (NYSE:CRM), the global leader in CRM, and Tableau Software (NYSE: DATA), the leading analytics platform, have entered into a definitive agreement under which Salesforce will acquire Tableau in an all-stock transaction, pursuant to which each share of Tableau Class A and Class B common stock will be exchanged for 1.103 shares of Salesforce common stock, representing an enterprise value of $15.7 billion (net of cash), based on the trailing 3-day volume weighted average price of Salesforce’s shares as of June 7, 2019. The announcement discusses about Salesforce acquisition of Tableau. Tableau STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF Tableau SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR SECURITIES. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com. Instead of eliminating one analytics suite and focusing on development of the other, with the closing of the Salesforce acquisition of Tableau on Aug. 1 -- less than two months after the $15.7 billion deal was first announced on June 10-- the sense is that Salesforce might make the two analytics systems work quite well together.. That is, while potentially remaining separate. As part of the deal, Tableau shareholders will get 1.103 Salesforce shares, worth $177.88 based on Salesforce’s closing price last Friday. This presentation contains forward-looking information related to Salesforce, Tableau and the acquisition of Tableau by Salesforce that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Announcement of Salesforce Acquisition of Tableau Brings New Possibilities to Slalom Clients Published on June 17, 2019 June 17, 2019 • 166 Likes • 6 Comments Tableau. Tableau will operate independently under the Tableau brand, driving forward a continued focus on its mission, customers and community. What's yet to be seen is any effect on RSU comp. The Global Pandemic has Reset Standards for Brand Engagement and Marketing, How the Salesforce Ecosystem Powers Connected Patient Experiences, Sign up to get news alerts, behind-the-scenes insights, and research from Salesforce News & Insights, By subscribing, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement, © Copyright 2021 Salesforce.com, inc. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." “Data is the foundation of every digital transformation, and the addition of Tableau will accelerate our ability to deliver customer success by enabling a truly unified and powerful view across all of a customer’s data.”, “Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data,” said Adam Selipsky, President and CEO of Tableau. Further information on these and other risk and uncertainties relating to Salesforce can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Salesforce makes with the SEC from time to time and available at www.sec.gov. This announcement comes only a day after Google purchased Looker, an analytics startup, for $2.6 billion. By Christopher Knapp & Amir Hussain. The acquisition will be made in the form of an all-stock transaction amounting to $15.7 billion, and both boards have agreed to the deal. Salesforce has a growing community of more than 1.4 million Trailblazers, and the Tableau Community consists of more than 1 million passionate data enthusiasts.Together, the two communities will represent the largest group of digital business experts in the world—millions of people understanding and transforming the world through data. As part of the world’s #1 CRM company, Tableau will remain headquartered in Seattle, Wash. and will continue to be led by CEO Adam Selipsky and the current leadership team. A live dial-in is available domestically at 866-901-SFDC or 866-901-7332 and internationally at 706-902-1764, passcode 4679837. The primary purpose of using non-GAAP financial measures is to provide supplemental information that may prove useful to investors who wish to consider the impact of certain non-cash or non-recurring items on the company’s operating performance and to enable investors to evaluate the company’s results in the same way management does. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the transaction, Salesforce’s plans, objectives, expectations and intentions, the financial condition, and the results of operations and business of Salesforce or Tableau. Tableau will make both Customer 360 and Salesforce’s analytics capabilities stronger than ever, and enable the company to reach a much broader set of customers and users. 2. Salesforce and Tableau will host a conference call to discuss this transaction at 5:00 a.m. (PT) / 8:00 a.m. (ET) on June 10, 2019. Companies of every size and industry are transforming how they do business in the digital age—customers and data are at the heart of those transformations. “Salesforce’s acquisition of Tableau gives customers the ability to ensure that self-service and embedded decision support and augmentation is available to all executives, managers and front line employees.” Combination to Supercharge Customers' Digital Transformations With Tableau, Salesforce will be positioned to play a greater role in driving digital transformation, enabling companies around … Salesforce will pay 1.103 of its shares for one Tableau share. “As part of Salesforce we will deliver more value to customers faster with a broader and deeper analytics platform, fueled by Salesforce’s customer intelligence platform.

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