Salesforce closes the $15.7 bn Tableau Software acquisition

CRM major Salesforce has completed its $15.7 billion acquisition of Tableau Software, bringing the world’s #1 analytics platform to support its growing business.
Tableau Software analytics

Keith Block, co-CEO of Salesforce, said: “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.”
Adam Selipsky, who is the president and CEO of Tableau, will continue to head the analytics company post-acquisition.

IDC projects worldwide spending on technologies and services that will enable digital transformation to reach $1.8 trillion in 2022.

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, Dan Vesset, group VP of Analytics and Information Management Research at IDC, said.

Salesforce intends to provide an update with regards to fiscal year 2020 guidance on the company’s second quarter conference call on August 22, 2019 following the completion of the acquisition of Tableau.

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