Salesforce sharks ClickSoftware

Stefan Mileschin · 8th August 2019, 13:51

It has spent $16.35 billion in the last two weeks on acquisitions

Salesforce has written a cheque to buy acquire Israeli software developer ClickSoftware for $1.35 billion in cash, shares and possibly a box of chocolates.

The deal comes a week after Salesforce completed its more than $15 billion purchase of big data firm Tableau.

Salesforce said adding ClickSoftware, which makes cloud-based field service management software, would accelerate the growth of its Service Cloud platform. It added that its offer was net of the value of shares it already owns, after taking into consideration estimated purchase price adjustments.

The acquisition is expected to close during Salesforce’s fiscal quarter ending Oct. 31 pending various approvals.

US private equity firm Francisco Partners bought ClickSoftware in 2015 for $438 million and delisted it from Nasdaq.

This would be the second significant deal by Salesforce in Israel since July 2018 when it paid $850 million for Datorama, a cloud-based artificial intelligence marketing platform.

https://fudzilla.com/news/memory-and...-clicksoftware

8th August 2019, 13:51	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,769	Salesforce sharks ClickSoftware It has spent $16.35 billion in the last two weeks on acquisitions Salesforce has written a cheque to buy acquire Israeli software developer ClickSoftware for $1.35 billion in cash, shares and possibly a box of chocolates. The deal comes a week after Salesforce completed its more than $15 billion purchase of big data firm Tableau. Salesforce said adding ClickSoftware, which makes cloud-based field service management software, would accelerate the growth of its Service Cloud platform. It added that its offer was net of the value of shares it already owns, after taking into consideration estimated purchase price adjustments. The acquisition is expected to close during Salesforce’s fiscal quarter ending Oct. 31 pending various approvals. US private equity firm Francisco Partners bought ClickSoftware in 2015 for $438 million and delisted it from Nasdaq. This would be the second significant deal by Salesforce in Israel since July 2018 when it paid $850 million for Datorama, a cloud-based artificial intelligence marketing platform. https://fudzilla.com/news/memory-and...-clicksoftware

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