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. A number of questions arise from this deal. 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." 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. There’s no doubt this would be a major acquisition for Salesforce. In August 2019, Salesforce, a leading cloud-based customer relationship management platform, bought Tableau for $15.3 billion. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Tableau and Cooley LLP is serving as legal counsel. As part of Salesforce, Tableau will be positioned to accelerate and extend its mission to help people see and understand data. This morning’s announcement by Salesforce (NYSE:CRM) of its intent to acquire Tableau Software (NYSE: DATA) is interesting. President & Ceo, Tableau Software - Company Announcement. “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 … Source: IDC Semiannual Worldwide Digital Transformation Spending Guide, April 2019. And today, that mission to help people see and understand … Article Stock Quotes (1) Comments (0) FREE Breaking News Alerts from StreetInsider.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. FY20 non-GAAP operating margin: The transaction is expected to decrease Salesforce’s FY20 non-GAAP operating margin by approximately (75) basis points year-over-year. 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 … Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. 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. This estimate assumes fully diluted share count of approximately 840 million, and a non-GAAP tax rate of 22.5%. The acquisition is expected to decrease FY20 non-GAAP diluted EPS by approximately ($0.20) to ($0.22). Subject to regulatory and other approvals, the transaction is expected to close by the end of October 2019. In the four quarters prior to the announcement … Tableau remains an independent corporation wholly owned by Salesforce. A live audiocast of the event will be available on the Salesforce Investor Relations website at http://www.salesforce.com/investor and on Tableau’s website at https://investors.tableau.com. “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. Salesforce has announced an all-stock deal to acquire analytics powerhouse Tableau Software. Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. The transaction has been approved by the boards of directors of both companies. 3 billion, and MuleSoft in 2018 for $6.5 billion, according to CNBC. Tableau’s now part of the what has become Salesforce’s largest business unit—Platform & Other—whose … The $15.3 billion deal is a major bid to build up Salesforce's analytics offering. “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. A live dial-in is available domestically at 866-901-SFDC or 866-901-7332 and internationally at 706-902-1764, passcode 4679837. Founded in 1999, Salesforce enables companies of every size and industry to take advantage of powerful technologies—cloud, mobile, social, internet of things, artificial intelligence, voice and blockchain—to create a 360-degree view of their customers.

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